Kintra Wealth LLC Increases Stock Holdings in Capital Group Municipal Income ETF $CGMU

Kintra Wealth LLC boosted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 188.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 194,705 shares of the company’s stock after acquiring an additional 127,244 shares during the quarter. Kintra Wealth LLC owned 0.08% of Capital Group Municipal Income ETF worth $5,298,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley lifted its holdings in Capital Group Municipal Income ETF by 38.2% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Municipal Income ETF by 32.6% in the 3rd 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 in the last quarter. LPL Financial LLC boosted 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 last quarter. Blue Chip Partners LLC increased its stake in Capital Group Municipal Income ETF by 2,093.0% during 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 in the last quarter. Finally, Bank of America Corp DE increased its stake in Capital Group Municipal Income ETF by 119.9% during 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 in the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $26.78 on Friday. The stock’s 50 day simple moving average is $27.18 and its 200-day simple moving average is $27.35. Capital Group Municipal Income ETF has a 1-year low of $26.77 and a 1-year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Investors of record on Friday, July 31st were paid a $0.0878 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 3.9%. This is an increase 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.