Capital Group Municipal Income ETF $CGMU Holdings Boosted by Burton Enright Welch

Burton Enright Welch lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 116.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 125,468 shares of the company’s stock after purchasing an additional 67,502 shares during the quarter. Burton Enright Welch’s holdings in Capital Group Municipal Income ETF were worth $3,255,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CGMU. Crosspoint Financial LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $619,000. StoneX Group Inc. purchased a new position in Capital Group Municipal Income ETF during the 3rd quarter valued at about $224,000. United Advisor Group LLC increased its position in shares of Capital Group Municipal Income ETF by 11.7% during the third quarter. United Advisor Group LLC now owns 18,189 shares of the company’s stock valued at $472,000 after buying an additional 1,902 shares during the period. Financial Council LLC increased its position in shares of Capital Group Municipal Income ETF by 12.0% during the third quarter. Financial Council LLC now owns 106,545 shares of the company’s stock valued at $2,764,000 after buying an additional 11,378 shares during the period. Finally, Kestra Advisory Services LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 49.0% in the third quarter. Kestra Advisory Services LLC now owns 1,115,190 shares of the company’s stock worth $28,928,000 after buying an additional 366,878 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.97 on Monday. The firm has a 50 day moving average of $26.45 and a 200-day moving average of $27.16. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a $0.0763 dividend. The ex-dividend date was Friday, October 30th. This represents a $0.92 annualized dividend and a yield of 3.4%. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773.

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.