Northwestern Mutual Wealth Management Co. Increases Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 42.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 988,013 shares of the company’s stock after acquiring an additional 294,477 shares during the period. Northwestern Mutual Wealth Management Co. owned about 3.89% of Capital Group Municipal Income ETF worth $26,528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ICA Group Wealth Management LLC purchased a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $64,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter worth approximately $119,000. Rothschild Investment LLC acquired a new position in Capital Group Municipal Income ETF in the 2nd quarter valued at $194,000. Finally, CGN Advisors LLC purchased a new position in Capital Group Municipal Income ETF in the 1st quarter valued at $204,000.

Capital Group Municipal Income ETF Stock Down 0.0 %

Capital Group Municipal Income ETF stock opened at $27.46 on Tuesday. The company has a fifty day simple moving average of $27.33 and a 200-day simple moving average of $27.04. Capital Group Municipal Income ETF has a 52-week low of $25.32 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

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

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.