Assetmark Inc. Invests $19.82 Million in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Assetmark Inc. purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 721,857 shares of the company’s stock, valued at approximately $19,822,000. Assetmark Inc. owned approximately 2.84% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CGMU. Sunbelt Securities Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 5.9% during the second quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after buying an additional 373 shares in the last quarter. Intergy Private Wealth LLC increased its holdings in Capital Group Municipal Income ETF by 1.6% during the 3rd quarter. Intergy Private Wealth LLC now owns 37,243 shares of the company’s stock valued at $1,023,000 after purchasing an additional 570 shares in the last quarter. Peterson Wealth Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 4.7% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 13,726 shares of the company’s stock valued at $377,000 after purchasing an additional 620 shares in the last quarter. CGN Advisors LLC raised its position in Capital Group Municipal Income ETF by 8.4% in the 2nd quarter. CGN Advisors LLC now owns 8,202 shares of the company’s stock valued at $220,000 after purchasing an additional 636 shares during the last quarter. Finally, Souders Financial Advisors grew its holdings in shares of Capital Group Municipal Income ETF by 2.7% during the first quarter. Souders Financial Advisors now owns 38,189 shares of the company’s stock worth $1,031,000 after purchasing an additional 1,000 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.13 on Friday. The business has a fifty day moving average of $27.31 and a 200-day moving average of $27.11. Capital Group Municipal Income ETF has a twelve month low of $25.81 and a twelve month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

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

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.