Avidian Wealth Enterprises LLC Raises Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Avidian Wealth Enterprises LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,696 shares of the company’s stock after purchasing an additional 1,816 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Capital Group Municipal Income ETF were worth $843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its holdings in Capital Group Municipal Income ETF by 268.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after purchasing an additional 1,116 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter valued at approximately $64,000. CWM LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at $97,000. ICA Group Wealth Management LLC increased its holdings in Capital Group Municipal Income ETF by 135.8% in the 2nd quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after acquiring an additional 2,251 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the second quarter worth $119,000.

Capital Group Municipal Income ETF Stock Down 1.4 %

CGMU opened at $26.75 on Thursday. The firm’s fifty day simple moving average is $27.32 and its two-hundred day simple moving average is $27.11. Capital Group Municipal Income ETF has a 52-week low of $25.80 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were paid a $0.0672 dividend. The ex-dividend date was Friday, September 27th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05.

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.