Strid Group LLC Makes New $10.04 Million Investment in Capital Group Municipal Income ETF $CGMU

Strid Group LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 387,146 shares of the company’s stock, valued at approximately $10,043,000. Capital Group Municipal Income ETF accounts for 1.1% of Strid Group LLC’s portfolio, making the stock its 15th largest holding. Strid Group LLC owned 0.14% of Capital Group Municipal Income ETF as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CoreCap Advisors LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 672.6% during 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. raised its stake 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 purchasing an additional 970 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth approximately $97,000. Capital Asset Advisory Services LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter worth approximately $211,000. Finally, MBE Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $203,000.

Capital Group Municipal Income ETF Stock Performance

CGMU opened at $26.72 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The stock’s 50 day simple moving average is $26.47 and its 200-day simple moving average is $27.18.

Capital Group Municipal Income ETF Cuts Dividend

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

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.