Crosspoint Financial LLC Buys New Holdings in Capital Group Municipal Income ETF $CGMU

Crosspoint Financial LLC bought a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 23,865 shares of the company’s stock, valued at approximately $619,000. Capital Group Municipal Income ETF accounts for about 1.2% of Crosspoint Financial LLC’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. StoneX Group Inc. bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth $224,000. United Advisor Group LLC raised its stake 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 acquiring an additional 1,902 shares during the last quarter. Financial Council LLC raised its stake 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 acquiring an additional 11,378 shares during the last quarter. Kestra Advisory Services LLC raised its stake in shares of Capital Group Municipal Income ETF by 49.0% during the third quarter. Kestra Advisory Services LLC now owns 1,115,190 shares of the company’s stock valued at $28,928,000 after acquiring an additional 366,878 shares during the last quarter. Finally, Genesis Private Wealth LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 3.8% during the third quarter. Genesis Private Wealth LLC now owns 31,631 shares of the company’s stock worth $821,000 after purchasing an additional 1,152 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. 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 Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a dividend of $0.0763 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, October 30th. This is a negative change 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.