M Wealth Management LLC Invests $494,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

M Wealth Management LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 18,343 shares of the company’s stock, valued at approximately $494,000. Capital Group Municipal Income ETF accounts for 0.5% of M Wealth Management LLC’s portfolio, making the stock its 26th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in CGMU. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock valued at $49,261,000 after acquiring an additional 50,942 shares during the period. MML Investors Services LLC grew its position in Capital Group Municipal Income ETF by 111.7% in the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after buying an additional 635,133 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after acquiring an additional 1,109,847 shares during the period. Stifel Financial Corp lifted its holdings 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 buying an additional 83,194 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of Capital Group Municipal Income ETF by 27.9% in the second quarter. Cetera Investment Advisers now owns 919,068 shares of the company’s stock valued at $24,677,000 after purchasing an additional 200,221 shares during the period.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $27.08 on Thursday. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54. The stock’s fifty day moving average is $27.06 and its two-hundred day moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

About Capital Group Municipal Income ETF

(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.

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Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report).

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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