Thoroughbred Financial Services LLC Acquires New Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Thoroughbred Financial Services LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,445 shares of the company’s stock, valued at approximately $523,000. Thoroughbred Financial Services LLC owned approximately 0.08% of Capital Group Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of CGMU. LPL Financial LLC raised its stake in Capital Group Municipal Income ETF by 33.1% during the 4th quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock worth $66,409,000 after buying an additional 613,618 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Municipal Income ETF by 9.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 1,964,602 shares of the company’s stock worth $52,887,000 after acquiring an additional 170,672 shares in the last quarter. MML Investors Services LLC raised 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 worth $33,061,000 after purchasing an additional 635,133 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Capital Group Municipal Income ETF by 164,421.8% during the 3rd 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. Finally, Stifel Financial Corp grew its position in shares of Capital Group Municipal Income ETF by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock valued at $26,656,000 after purchasing an additional 83,194 shares during the period.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $26.93 on Friday. The business has a 50 day simple moving average of $27.06 and a 200 day simple moving average of $27.12. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a dividend of $0.0775 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, March 28th.

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.