Legacy CG LLC Makes New Investment in Capital Group Municipal Income ETF $CGMU

Legacy CG LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 594,683 shares of the company’s stock, valued at approximately $15,426,000. Capital Group Municipal Income ETF makes up 3.9% of Legacy CG LLC’s holdings, making the stock its 8th biggest position. Legacy CG LLC owned approximately 0.21% of Capital Group Municipal Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMU. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after acquiring an additional 859,323 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Capital Group Municipal Income ETF by 17.3% in the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares during the period. Bank of America Corp DE grew its holdings in shares of Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after purchasing an additional 924,704 shares during the period. Blue Chip Partners LLC increased its position in Capital Group Municipal Income ETF by 1.1% during the first quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after purchasing an additional 17,316 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Capital Group Municipal Income ETF by 17.3% during the first quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock worth $36,721,000 after purchasing an additional 199,108 shares during the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

Shares of CGMU stock opened at $26.76 on Wednesday. The firm’s 50-day moving average is $26.46 and its two-hundred day moving average is $27.17. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a dividend of $0.0763 per share. The ex-dividend date was Friday, October 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. This is a decrease from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

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.