Allworth Financial LP Takes $669,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Allworth Financial LP acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,875 shares of the company’s stock, valued at approximately $669,000. Allworth Financial LP owned 0.10% of Capital Group Municipal Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $25,000. Spire Wealth Management acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at about $32,000. Pinnacle Bancorp Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV lifted its position in Capital Group Municipal Income ETF by 268.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1 %

Shares of NYSEARCA CGMU opened at $27.14 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54. The firm’s 50-day simple moving average is $27.00 and its 200 day simple moving average is $27.19.

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 given a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.