OLD Mission Capital LLC Purchases Shares of 127,616 Capital Group Municipal Income ETF (NYSEARCA:CGMU)

OLD Mission Capital LLC acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the fourth quarter, HoldingsChannel reports. The firm acquired 127,616 shares of the company’s stock, valued at approximately $3,435,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC raised its holdings in Capital Group Municipal Income ETF by 33.1% in the fourth quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock valued at $66,409,000 after buying an additional 613,618 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 9.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,964,602 shares of the company’s stock valued at $52,887,000 after acquiring an additional 170,672 shares in the last quarter. MML Investors Services LLC boosted its position in Capital Group Municipal Income ETF by 111.7% during the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after purchasing an additional 635,133 shares during the period. JPMorgan Chase & Co. increased its holdings in Capital Group Municipal Income ETF by 164,421.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after purchasing an additional 1,109,847 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Capital Group Municipal Income ETF by 9.4% in the third quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock valued at $26,656,000 after purchasing an additional 83,194 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.3 %

Shares of NYSEARCA CGMU opened at $26.89 on Wednesday. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54. The business has a 50-day moving average of $27.06 and a 200-day moving average of $27.13.

Capital Group Municipal Income ETF Increases Dividend

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

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.