Patriot Financial Group Insurance Agency LLC Purchases 2,088 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Patriot Financial Group Insurance Agency LLC increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,568 shares of the company’s stock after purchasing an additional 2,088 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Capital Group Municipal Income ETF were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CGMU. Sunbelt Securities Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 5.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,731 shares of the company’s stock worth $181,000 after purchasing an additional 373 shares during the period. Cetera Investment Advisers boosted its stake in 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 buying an additional 200,221 shares during the period. Park Avenue Securities LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter worth $1,727,000. Thrive Wealth Management LLC raised its stake in shares of Capital Group Municipal Income ETF by 49.5% in the third quarter. Thrive Wealth Management LLC now owns 47,313 shares of the company’s stock valued at $1,299,000 after acquiring an additional 15,659 shares during the period. Finally, CWM LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $97,000.

Capital Group Municipal Income ETF Trading Down 0.2 %

Shares of NYSEARCA:CGMU opened at $27.07 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The firm’s 50-day moving average is $27.06 and its 200 day moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were paid a dividend of $0.0674 per share. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.