Good Life Advisors LLC Purchases New Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Good Life Advisors LLC purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,294 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CGMU. Cetera Investment Advisers raised its position in Capital Group Municipal Income ETF by 199.4% in the 1st quarter. Cetera Investment Advisers now owns 718,847 shares of the company’s stock valued at $19,416,000 after buying an additional 478,759 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Municipal Income ETF by 42.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock valued at $26,528,000 after purchasing an additional 294,477 shares during the last quarter. LPL Financial LLC increased its position in shares of Capital Group Municipal Income ETF by 32.0% during the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock valued at $32,042,000 after purchasing an additional 289,638 shares during the last quarter. Koshinski Asset Management Inc. increased its position in shares of Capital Group Municipal Income ETF by 844.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 134,080 shares of the company’s stock valued at $3,622,000 after purchasing an additional 119,889 shares during the last quarter. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Municipal Income ETF by 22.9% during the 1st quarter. Capital Group Private Client Services Inc. now owns 575,613 shares of the company’s stock worth $15,547,000 after acquiring an additional 107,429 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1 %

CGMU stock opened at $27.35 on Monday. Capital Group Municipal Income ETF has a fifty-two week low of $25.32 and a fifty-two week high of $27.54. The stock has a fifty day moving average of $27.38 and a 200-day moving average of $27.08.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.0672 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, September 27th.

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.