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

Flagship Harbor Advisors LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 9.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,324 shares of the company’s stock after acquiring an additional 2,965 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGMU. Concourse Financial Group Securities Inc. grew its position in Capital Group Municipal Income ETF by 1.0% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 37,730 shares of the company’s stock worth $1,015,000 after purchasing an additional 374 shares during the last quarter. Freedom Investment Management Inc. grew its position in Capital Group Municipal Income ETF by 3.7% during the 4th quarter. Freedom Investment Management Inc. now owns 10,727 shares of the company’s stock worth $289,000 after purchasing an additional 382 shares during the last quarter. Wintrust Investments LLC grew its position in Capital Group Municipal Income ETF by 13.6% during the 4th quarter. Wintrust Investments LLC now owns 3,559 shares of the company’s stock worth $95,000 after purchasing an additional 427 shares during the last quarter. SK Wealth Management LLC grew its position in Capital Group Municipal Income ETF by 1.9% during the 1st quarter. SK Wealth Management LLC now owns 25,511 shares of the company’s stock worth $671,000 after purchasing an additional 475 shares during the last quarter. Finally, Atria Investments Inc grew its position in Capital Group Municipal Income ETF by 0.6% during the 4th quarter. Atria Investments Inc now owns 111,863 shares of the company’s stock worth $3,011,000 after purchasing an additional 627 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.69 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.54. The company’s fifty day moving average is $26.55 and its two-hundred day moving average is $26.82.

Capital Group Municipal Income ETF Increases Dividend

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