Raymond James & Associates Raises Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Raymond James & Associates boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,174 shares of the company’s stock after purchasing an additional 24,598 shares during the quarter. Raymond James & Associates owned approximately 0.58% of Capital Group Municipal Income ETF worth $4,069,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CGMU. Private Advisor Group LLC raised its holdings in shares of Capital Group Municipal Income ETF by 55.6% during the first quarter. Private Advisor Group LLC now owns 224,201 shares of the company’s stock valued at $6,056,000 after acquiring an additional 80,112 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 4.1% during the first quarter. Concourse Financial Group Securities Inc. now owns 9,520 shares of the company’s stock valued at $258,000 after acquiring an additional 376 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Capital Group Municipal Income ETF by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock valued at $555,000 after acquiring an additional 3,633 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 0.3% during the first quarter. New England Capital Financial Advisors LLC now owns 110,796 shares of the company’s stock valued at $2,993,000 after acquiring an additional 375 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 67.7% during the first quarter. Mutual Advisors LLC now owns 81,335 shares of the company’s stock valued at $2,197,000 after acquiring an additional 32,844 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.02 on Friday. The business has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $27.10. Capital Group Municipal Income ETF has a 12 month low of $25.56 and a 12 month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were issued 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.