721,857 Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Bought by Assetmark Inc.

Assetmark Inc. bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 721,857 shares of the company’s stock, valued at approximately $19,822,000.

Several other large investors also recently modified their holdings of the business. Carson Advisory Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $203,000. Smith Thornton Advisors LLC boosted its stake in Capital Group Municipal Income ETF by 76.3% in the 3rd quarter. Smith Thornton Advisors LLC now owns 49,210 shares of the company’s stock worth $1,351,000 after purchasing an additional 21,295 shares during the period. NavPoint Financial Inc. increased its holdings in Capital Group Municipal Income ETF by 2.8% during the 3rd quarter. NavPoint Financial Inc. now owns 66,554 shares of the company’s stock worth $1,828,000 after purchasing an additional 1,826 shares in the last quarter. Avidian Wealth Enterprises LLC raised its stake in shares of Capital Group Municipal Income ETF by 6.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 30,696 shares of the company’s stock valued at $843,000 after purchasing an additional 1,816 shares during the period. Finally, Hanlon Investment Management Inc. bought a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $356,000.

Capital Group Municipal Income ETF Stock Up 0.7 %

CGMU stock opened at $27.13 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $25.81 and a fifty-two week high of $27.54. The business has a 50-day moving average of $27.31 and a 200-day moving average of $27.11.

Capital Group Municipal Income ETF Increases Dividend

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

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.