Steward Partners Investment Advisory LLC Boosts Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Steward Partners Investment Advisory LLC raised its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 231.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,103 shares of the company’s stock after acquiring an additional 10,549 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.06% of Capital Group Municipal Income ETF worth $407,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CGMU. Jones Financial Companies Lllp lifted its stake in shares of Capital Group Municipal Income ETF by 216.9% during the fourth quarter. Jones Financial Companies Lllp now owns 455,567 shares of the company’s stock worth $12,264,000 after purchasing an additional 311,810 shares in the last quarter. Maia Wealth LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $414,000. Nwam LLC acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $375,000. LifeGoal Wealth Advisors acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $1,004,000. Finally, New England Capital Financial Advisors LLC lifted its stake in shares of Capital Group Municipal Income ETF by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 138,388 shares of the company’s stock worth $3,725,000 after purchasing an additional 8,378 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.00 on Friday. The stock’s 50-day moving average is $27.06 and its two-hundred day moving average is $27.18. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Capital Group Municipal Income ETF Company 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.