Valmark Advisers Inc. Makes New Investment in Capital Group Municipal Income ETF $CGMU

Valmark Advisers Inc. purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 131,530 shares of the company’s stock, valued at approximately $3,412,000.

Other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC grew its stake in Capital Group Municipal Income ETF by 672.6% in the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in shares of Capital Group Municipal Income ETF by 52.3% during the third quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after buying an additional 970 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at about $97,000. Signature Equity Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at about $129,000. Finally, MBE Wealth Management LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at about $203,000.

Capital Group Municipal Income ETF Stock Down 0.2%

Shares of NYSEARCA:CGMU traded down $0.05 during trading on Friday, reaching $26.72. The stock had a trading volume of 2,330,403 shares, compared to its average volume of 1,648,912. The firm’s 50-day simple moving average is $26.45 and its 200 day simple moving average is $27.15. Capital Group Municipal Income ETF has a one year low of $25.73 and a one year high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0763 dividend. This represents a $0.92 annualized dividend and a yield of 3.4%. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date was Friday, October 30th.

Capital Group Municipal Income ETF Company 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.