Capital Group Municipal Income ETF $CGMU Shares Acquired by Vicus Capital

Vicus Capital boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 154.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 70,260 shares of the company’s stock after purchasing an additional 42,692 shares during the period. Vicus Capital’s holdings in Capital Group Municipal Income ETF were worth $1,917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its stake in shares of 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 worth $224,847,000 after purchasing an additional 1,017,473 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after buying an additional 1,314,330 shares during the period. Cetera Investment Advisers boosted its position in Capital Group Municipal Income ETF by 14.7% during the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock worth $78,844,000 after acquiring an additional 378,221 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in Capital Group Municipal Income ETF by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock worth $64,448,000 after acquiring an additional 69,685 shares during the period. Finally, Osaic Holdings Inc. grew its stake in Capital Group Municipal Income ETF by 36.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after acquiring an additional 543,338 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of CGMU opened at $27.54 on Monday. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.56. The stock has a fifty day moving average of $27.40 and a two-hundred day moving average of $27.14.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.0872 per share. This represents a c) annualized dividend and a yield of 3.8%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Wednesday, December 24th.

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.