Capital Analysts LLC Raises Stock Holdings in Capital Group Municipal Income ETF $CGMU

Capital Analysts LLC boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.5% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,078,448 shares of the company’s stock after acquiring an additional 119,984 shares during the quarter. Capital Group Municipal Income ETF comprises about 0.7% of Capital Analysts LLC’s portfolio, making the stock its 28th largest position. Capital Analysts LLC owned about 0.45% of Capital Group Municipal Income ETF worth $29,624,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Morgan Stanley increased its holdings in shares of Capital Group Municipal Income ETF by 38.2% in the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after purchasing an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Municipal Income ETF by 32.6% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after buying an additional 1,620,219 shares during the last quarter. LPL Financial LLC increased its holdings in Capital Group Municipal Income ETF by 28.0% in the 4th quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after buying an additional 1,479,528 shares during the period. Blue Chip Partners LLC increased its holdings in Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after buying an additional 1,448,696 shares during the period. Finally, Bank of America Corp DE increased its holdings in Capital Group Municipal Income ETF by 119.9% in the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after buying an additional 924,704 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $26.77 on Wednesday. Capital Group Municipal Income ETF has a 12 month low of $26.76 and a 12 month high of $27.93. The company has a 50 day simple moving average of $27.15 and a two-hundred day simple moving average of $27.33.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were issued a dividend of $0.0878 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, July 31st.

About Capital Group Municipal Income ETF

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.