Capital Group Municipal Income ETF (NYSEARCA:CGMU) Stock Position Lifted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. boosted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 905,293 shares of the company’s stock after buying an additional 145,439 shares during the period. Great Valley Advisor Group Inc. owned 3.56% of Capital Group Municipal Income ETF worth $24,860,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter worth approximately $32,000. Creative Financial Designs Inc. ADV boosted its stake in Capital Group Municipal Income ETF by 268.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after buying an additional 1,116 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Municipal Income ETF during the second quarter worth about $64,000. CWM LLC acquired a new position in Capital Group Municipal Income ETF during the third quarter worth about $97,000. Finally, ICA Group Wealth Management LLC raised its position in 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 worth $105,000 after acquiring an additional 2,251 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.17 on Friday. The company has a 50-day moving average of $27.27 and a 200-day moving average of $27.13. Capital Group Municipal Income ETF has a twelve month low of $26.29 and a twelve month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued 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 of this dividend was Friday, September 27th.

About Capital Group Municipal Income ETF

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.