World Investment Advisors LLC Buys 10,438 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

World Investment Advisors LLC grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,741 shares of the company’s stock after purchasing an additional 10,438 shares during the quarter. World Investment Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $3,700,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Assetmark Inc. acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $19,822,000. MML Investors Services LLC boosted its position in shares of Capital Group Municipal Income ETF by 111.7% in the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after acquiring an additional 635,133 shares during the period. Orion Portfolio Solutions LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at about $11,362,000. Janney Montgomery Scott LLC increased its position in Capital Group Municipal Income ETF by 2,160.9% during the third quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock worth $11,659,000 after acquiring an additional 405,813 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Municipal Income ETF by 42.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock worth $26,528,000 after purchasing an additional 294,477 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.20 on Friday. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54. The company’s 50 day moving average price is $27.21 and its two-hundred day moving average price is $27.18.

Capital Group Municipal Income ETF Increases Dividend

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

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.