Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) shares saw strong trading volume on Wednesday . Approximately 3,723,896 shares traded hands during mid-day trading, an increase of 223% from the previous session’s volume of 1,152,509 shares.The stock last traded at $26.82 and had previously closed at $26.82.
Capital Group Municipal Income ETF Stock Performance
The firm has a 50-day moving average of $27.19 and a two-hundred day moving average of $27.35.
Capital Group Municipal Income ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a $0.0878 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 3.9%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.
Institutional Investors Weigh In On Capital Group Municipal Income ETF
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.
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