Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Purchased by AdvisorNet Financial Inc

AdvisorNet Financial Inc boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 66.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 65,694 shares of the company’s stock after acquiring an additional 26,149 shares during the quarter. AdvisorNet Financial Inc’s holdings in Capital Group Municipal Income ETF were worth $1,768,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGMU. JPMorgan Chase & Co. boosted its stake in shares of Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after buying an additional 1,109,847 shares during the period. Assetmark Inc. acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $19,822,000. MML Investors Services LLC grew its stake in shares of Capital Group Municipal Income ETF by 111.7% in the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after purchasing an additional 635,133 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $11,362,000. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Capital Group Municipal Income ETF by 2,160.9% in the third quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock valued at $11,659,000 after purchasing an additional 405,813 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.0 %

Shares of NYSEARCA CGMU opened at $26.78 on Wednesday. The stock has a fifty day moving average price of $27.09 and a 200 day moving average price of $27.20. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were paid a $0.0674 dividend. The ex-dividend date was Friday, November 29th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.07.

Capital Group Municipal Income ETF 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.