Capital Group Municipal Income ETF (NYSEARCA:CGMU) Declares Monthly Dividend of $0.08

Capital Group Municipal Income ETF (NYSEARCA:CGMU) declared a monthly dividend on Thursday, October 29th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0763 per share on Monday, November 2nd. This represents a $0.92 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, October 30th. This is a 1.3% decrease from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

Capital Group Municipal Income ETF Stock Performance

CGMU stock traded up $0.01 during midday trading on Friday, reaching $26.73. 1,165,388 shares of the company’s stock traded hands, compared to its average volume of 1,601,094. Capital Group Municipal Income ETF has a 52 week low of $25.73 and a 52 week high of $27.93. The firm’s fifty day moving average price is $26.48 and its 200-day moving average price is $27.19.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CGMU. CoreCap Advisors LLC raised its holdings in Capital Group Municipal Income ETF by 672.6% during the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after buying an additional 908 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in Capital Group Municipal Income ETF by 52.3% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after acquiring an additional 970 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth approximately $97,000. Signature Equity Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $129,000. Finally, MBE Wealth Management LLC bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $203,000.

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.