Cambridge Investment Research Advisors Inc. Has $52.10 Million Holdings in Capital Group Municipal Income ETF $CGMU

Cambridge Investment Research Advisors Inc. grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,902,883 shares of the company’s stock after purchasing an additional 318,515 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Municipal Income ETF were worth $52,101,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CGMU. Jane Street Group LLC grew its position in shares of Capital Group Municipal Income ETF by 23.6% during the 1st quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after purchasing an additional 43,538 shares in the last quarter. Cerity Partners LLC grew its position in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of Capital Group Municipal Income ETF by 105.7% during the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock worth $3,297,000 after purchasing an additional 63,473 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter worth approximately $6,154,000. Finally, Raymond James Financial Inc. grew its position in shares of Capital Group Municipal Income ETF by 45.6% during the 2nd quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock worth $30,757,000 after purchasing an additional 360,770 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.19 on Monday. The company’s 50 day moving average price is $27.38 and its two-hundred day moving average price is $27.47. Capital Group Municipal Income ETF has a 12-month low of $26.44 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.