Capital Group Municipal Income ETF (NYSEARCA:CGMU) Stake Boosted by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 905,293 shares of the company’s stock after acquiring an additional 145,439 shares during the period. Great Valley Advisor Group Inc.’s holdings in Capital Group Municipal Income ETF were worth $24,860,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth approximately $122,000. Prospera Financial Services Inc bought a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $258,000. Souders Financial Advisors lifted its stake in shares of Capital Group Municipal Income ETF by 7.1% in the third quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock worth $1,309,000 after buying an additional 3,165 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in Capital Group Municipal Income ETF by 37.2% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 59,423 shares of the company’s stock valued at $1,632,000 after buying an additional 16,105 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in Capital Group Municipal Income ETF by 26.6% in the 3rd quarter. Harbour Investments Inc. now owns 32,512 shares of the company’s stock worth $893,000 after acquiring an additional 6,827 shares during the period.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $27.17 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.29 and a fifty-two week high of $27.54. The firm has a fifty day moving average price of $27.27 and a two-hundred day moving average price of $27.13.

Capital Group Municipal Income ETF Increases Dividend

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