Landmark Wealth Management LLC Acquires 9,797 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Landmark Wealth Management LLC lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 10.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,922 shares of the company’s stock after purchasing an additional 9,797 shares during the quarter. Capital Group Municipal Income ETF accounts for about 1.2% of Landmark Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Landmark Wealth Management LLC owned about 0.40% of Capital Group Municipal Income ETF worth $2,744,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Capital Group Municipal Income ETF by 42.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock worth $26,528,000 after buying an additional 294,477 shares during the period. Sunbelt Securities Inc. increased its position 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 acquiring an additional 373 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Capital Group Municipal Income ETF by 27.9% during the second quarter. Cetera Investment Advisers now owns 919,068 shares of the company’s stock worth $24,677,000 after acquiring an additional 200,221 shares during the period. Souders Financial Advisors lifted its position in Capital Group Municipal Income ETF by 16.6% in the 2nd quarter. Souders Financial Advisors now owns 44,515 shares of the company’s stock valued at $1,195,000 after acquiring an additional 6,326 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter worth $1,727,000.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $27.08 on Tuesday. The business’s 50-day moving average price is $27.06 and its two-hundred day moving average price is $27.19. 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 disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued 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.