Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 33.1% during the fourth quarter, HoldingsChannel reports. The fund owned 2,466,898 shares of the company’s stock after buying an additional 613,618 shares during the period. LPL Financial LLC owned about 0.10% of Capital Group Municipal Income ETF worth $66,409,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Spire Wealth Management acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth about $25,000. Pinnacle Bancorp Inc. purchased a new position in Capital Group Municipal Income ETF in the fourth quarter valued at about $35,000. Rosenberg Matthew Hamilton acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at approximately $56,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Capital Group Municipal Income ETF by 56.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock worth $64,000 after acquiring an additional 863 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU opened at $26.77 on Thursday. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54. The stock’s 50 day simple moving average is $27.07 and its 200 day simple moving average is $27.15.

Capital Group Municipal Income ETF Cuts Dividend

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

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.