Ashton Thomas Private Wealth LLC Purchases 16,105 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Ashton Thomas Private Wealth LLC grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 37.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,423 shares of the company’s stock after acquiring an additional 16,105 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $1,632,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Capital Group Municipal Income ETF in the third quarter valued at approximately $19,822,000. Cetera Investment Advisers boosted its position in Capital Group Municipal Income ETF by 199.4% during the 1st quarter. Cetera Investment Advisers now owns 718,847 shares of the company’s stock valued at $19,416,000 after buying an additional 478,759 shares during the period. Janney Montgomery Scott LLC grew its holdings in Capital Group Municipal Income ETF by 2,160.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock worth $11,659,000 after acquiring an additional 405,813 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Capital Group Municipal Income ETF by 42.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock valued at $26,528,000 after acquiring an additional 294,477 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Capital Group Municipal Income ETF by 32.0% during the second quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock valued at $32,042,000 after acquiring an additional 289,638 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.07 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $25.87 and a 1 year high of $27.54. The business’s 50-day moving average is $27.30 and its 200 day moving average is $27.12.

Capital Group Municipal Income ETF Increases Dividend

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