RFP Financial Group LLC Grows Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

RFP Financial Group LLC increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 106.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,644 shares of the company’s stock after acquiring an additional 18,890 shares during the period. RFP Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group Municipal Income ETF during the 2nd quarter valued at $64,000. CWM LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter valued at $97,000. ICA Group Wealth Management LLC lifted its position in Capital Group Municipal Income ETF by 135.8% during the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after buying an additional 2,251 shares during the period. EverSource Wealth Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the second quarter worth about $119,000. Finally, Sunbelt Securities Inc. boosted its stake in Capital Group Municipal Income ETF by 5.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after buying an additional 373 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1 %

Shares of CGMU stock traded down $0.03 during trading hours on Tuesday, hitting $27.22. 138,311 shares of the company were exchanged, compared to its average volume of 492,284. Capital Group Municipal Income ETF has a 1 year low of $25.32 and a 1 year high of $27.54. The firm has a fifty day moving average of $27.38 and a 200 day moving average of $27.08.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were given a $0.0672 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05.

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.