Milestone Investment Advisors LLC Has $770,000 Holdings in Capital Group Municipal Income ETF $CGMU

Milestone Investment Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 695.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,848 shares of the company’s stock after acquiring an additional 25,223 shares during the quarter. Milestone Investment Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after purchasing an additional 1,314,330 shares during the period. Vestmark Advisory Solutions Inc. lifted its position in Capital Group Municipal Income ETF by 111.4% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock worth $52,012,000 after buying an additional 1,027,021 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Municipal Income ETF by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock worth $224,847,000 after buying an additional 1,017,473 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Capital Group Municipal Income ETF by 14.7% during the 2nd quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after buying an additional 378,221 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 89.7% during the 1st quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock valued at $21,230,000 after acquiring an additional 374,330 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.36 on Friday. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.56. The firm’s fifty day simple moving average is $27.38 and its 200-day simple moving average is $26.99.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were paid a dividend of $0.0689 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

Capital Group Municipal Income ETF Profile

The Capital Group Municipal Income ETF (CGMU) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed portfolio of US municipal bonds of varying maturities, exempt from regular federal income tax. CGMU was launched on Oct 25, 2022 and is managed by Capital Group.