WNY Asset Management LLC Grows Stake in Capital Group Municipal Income ETF $CGMU

WNY Asset Management LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 18.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 251,311 shares of the company’s stock after purchasing an additional 39,713 shares during the period. Capital Group Municipal Income ETF accounts for approximately 0.7% of WNY Asset Management LLC’s investment portfolio, making the stock its 24th largest holding. WNY Asset Management LLC’s holdings in Capital Group Municipal Income ETF were worth $6,707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after buying an additional 646 shares during the last quarter. Golden State Wealth Management LLC lifted its position in Capital Group Municipal Income ETF by 37.5% during the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after purchasing an additional 925 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock valued at $117,000 after purchasing an additional 1,977 shares in the last quarter. Financial Perspectives Inc lifted its position in Capital Group Municipal Income ETF by 301.6% during the second quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after purchasing an additional 3,761 shares in the last quarter. Finally, Carson Advisory Inc. purchased a new position in Capital Group Municipal Income ETF during the first quarter valued at $203,000.

Capital Group Municipal Income ETF Trading Up 0.1%

NYSEARCA CGMU opened at $27.49 on Wednesday. The business’s fifty day moving average is $27.19 and its 200 day moving average is $26.82. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.51.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.0718 per share. This represents a c) annualized dividend and a yield of 3.1%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th.

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.