Carson Advisory Inc. Takes Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Carson Advisory Inc. acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 3rd quarter, HoldingsChannel reports. The fund acquired 7,400 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently added to or reduced their stakes in CGMU. Creative Financial Designs Inc. ADV raised its stake in shares of Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after buying an additional 1,116 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Municipal Income ETF during the second quarter worth $64,000. CWM LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter valued at $97,000. ICA Group Wealth Management LLC grew its position in shares of Capital Group Municipal Income ETF by 135.8% in the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after purchasing an additional 2,251 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the second quarter worth about $119,000.

Capital Group Municipal Income ETF Stock Up 0.7 %

Shares of Capital Group Municipal Income ETF stock opened at $27.13 on Friday. Capital Group Municipal Income ETF has a twelve month low of $25.81 and a twelve month high of $27.54. The firm’s 50-day moving average price is $27.31 and its 200 day moving average price is $27.11.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were given a dividend of $0.0672 per share. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date was Friday, September 27th.

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.