Capital Planning LLC Buys 8,138 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Capital Planning LLC raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 203,277 shares of the company’s stock after acquiring an additional 8,138 shares during the quarter. Capital Group Municipal Income ETF makes up approximately 1.4% of Capital Planning LLC’s investment portfolio, making the stock its 22nd largest position. Capital Planning LLC owned 0.80% of Capital Group Municipal Income ETF worth $5,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CGMU. Raymond James & Associates raised its holdings in Capital Group Municipal Income ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after buying an additional 24,598 shares during the last quarter. Smith Thornton Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 2nd quarter valued at approximately $750,000. Thrive Wealth Management LLC raised its holdings in Capital Group Municipal Income ETF by 49.5% in the 3rd quarter. Thrive Wealth Management LLC now owns 47,313 shares of the company’s stock valued at $1,299,000 after buying an additional 15,659 shares during the last quarter. CWM LLC bought a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $97,000. Finally, Nations Financial Group Inc. IA ADV raised its holdings in Capital Group Municipal Income ETF by 65.1% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock valued at $376,000 after buying an additional 5,400 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $26.84 on Friday. The company has a 50 day simple moving average of $27.09 and a two-hundred day simple moving average of $27.19. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week 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. Shareholders of record on Friday, November 29th were given a dividend of $0.0674 per share. The ex-dividend date was Friday, November 29th. This is an increase from Capital Group Municipal Income ETF’s previous 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.