Tempus Wealth Planning LLC Acquires 1,004 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Tempus Wealth Planning LLC lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 1.9% during the third quarter, HoldingsChannel reports. The firm owned 54,694 shares of the company’s stock after purchasing an additional 1,004 shares during the period. Tempus Wealth Planning LLC’s holdings in Capital Group Municipal Income ETF were worth $1,502,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. boosted its position in Capital Group Municipal Income ETF by 13.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 51,152 shares of the company’s stock valued at $1,374,000 after buying an additional 6,146 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Capital Group Municipal Income ETF by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock valued at $555,000 after acquiring an additional 3,633 shares in the last quarter. Smith Thornton Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $750,000. New England Capital Financial Advisors LLC grew its stake in Capital Group Municipal Income ETF by 6.7% in the second quarter. New England Capital Financial Advisors LLC now owns 118,186 shares of the company’s stock worth $3,173,000 after purchasing an additional 7,390 shares in the last quarter. Finally, LPL Financial LLC grew its stake in Capital Group Municipal Income ETF by 32.0% in the second quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock worth $32,042,000 after purchasing an additional 289,638 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of NYSEARCA CGMU opened at $27.21 on Wednesday. Capital Group Municipal Income ETF has a twelve month low of $25.32 and a twelve month high of $27.54. The business has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $27.08.

Capital Group Municipal Income ETF Increases Dividend

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

Capital Group Municipal Income ETF 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.