Creative Financial Designs Inc. ADV Buys 89,340 Shares of Capital Group Municipal Income ETF $CGMU

Creative Financial Designs Inc. ADV boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3,722.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,740 shares of the company’s stock after buying an additional 89,340 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Capital Group Municipal Income ETF were worth $2,449,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in Capital Group Municipal Income ETF by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock valued at $224,847,000 after buying an additional 1,017,473 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Municipal Income ETF by 40.4% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock valued at $98,248,000 after buying an additional 1,053,284 shares in the last quarter. LPL Financial LLC lifted its holdings in Capital Group Municipal Income ETF by 21.0% during the 1st quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock valued at $80,053,000 after buying an additional 517,925 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Capital Group Municipal Income ETF by 11.2% during the 1st quarter. Cetera Investment Advisers now owns 2,575,859 shares of the company’s stock valued at $69,085,000 after buying an additional 259,458 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Capital Group Municipal Income ETF by 5.6% during the 1st quarter. Commonwealth Equity Services LLC now owns 2,074,151 shares of the company’s stock valued at $55,629,000 after buying an additional 109,549 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.39 on Friday. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.56. The firm has a 50-day simple moving average of $27.23 and a 200-day simple moving average of $26.84.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 3rd. Stockholders of record on Friday, October 31st will be issued a $0.0858 dividend. The ex-dividend date is Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.