EQ Wealth Advisors LLC Invests $2.55 Million in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

EQ Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 94,762 shares of the company’s stock, valued at approximately $2,551,000. Capital Group Municipal Income ETF comprises 2.2% of EQ Wealth Advisors LLC’s holdings, making the stock its 16th largest position. EQ Wealth Advisors LLC owned approximately 0.37% of Capital Group Municipal Income ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC raised its holdings in Capital Group Municipal Income ETF by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock valued at $49,261,000 after acquiring an additional 50,942 shares in the last quarter. MML Investors Services LLC increased its position in shares of Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after purchasing an additional 635,133 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Capital Group Municipal Income ETF by 164,421.8% in the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after purchasing an additional 1,109,847 shares in the last quarter. Stifel Financial Corp lifted its position in Capital Group Municipal Income ETF by 9.4% in the third quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after purchasing an additional 83,194 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its stake in Capital Group Municipal Income ETF by 19.1% during the third quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock worth $24,860,000 after buying an additional 145,439 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.05 on Monday. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54. The company’s fifty day moving average price is $27.06 and its two-hundred day moving average price is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 31st will be paid a $0.0626 dividend. The ex-dividend date of this dividend is Friday, January 31st.

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.