Sovran Advisors LLC Acquires Shares of 28,053 Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Posted by Kyle Jackson on Feb 12th, 2025

Sovran Advisors LLC acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,053 shares of the company’s stock, valued at approximately $751,000. Sovran Advisors LLC owned 0.11% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $25,000. Spire Wealth Management acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter worth approximately $32,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter worth approximately $35,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Capital Group Municipal Income ETF by 268.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after purchasing an additional 1,116 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of NYSEARCA CGMU opened at $27.12 on Wednesday. The stock’s fifty day moving average price is $27.03 and its two-hundred day moving average price is $27.19. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

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

Capital Group Municipal Income ETF Company Profile

(Free Report)

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.