Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 86.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,720 shares of the company’s stock after buying an additional 7,301 shares during the quarter. HighTower Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at approximately $25,000. Spire Wealth Management acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth $25,000. Pinnacle Bancorp Inc. purchased a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at $35,000. Rosenberg Matthew Hamilton purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $56,000. Finally, Golden State Wealth Management LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $66,000.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $26.82 on Tuesday. The company’s 50-day moving average price is $27.06 and its 200 day moving average price is $27.14. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were paid a $0.0775 dividend. 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.

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.