Global Retirement Partners LLC Acquires 3,868 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Global Retirement Partners LLC lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 48.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,785 shares of the company’s stock after acquiring an additional 3,868 shares during the period. Global Retirement Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. ORG Partners LLC purchased a new position in Capital Group Municipal Income ETF in the fourth quarter valued at about $25,000. Spire Wealth Management bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth approximately $25,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter worth approximately $32,000. Pinnacle Bancorp Inc. purchased a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $35,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Capital Group Municipal Income ETF by 268.9% during 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.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.19 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54. The stock’s fifty day moving average price is $26.99 and its two-hundred day moving average price is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date was Friday, January 31st.

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.