Capital Group Municipal Income ETF $CGMU Shares Bought by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 695.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,848 shares of the company’s stock after purchasing an additional 25,223 shares during the quarter. Milestone Investment Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $770,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CGMU. Envestnet Asset Management Inc. increased its stake 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 during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Municipal Income ETF by 35.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after acquiring an additional 1,314,330 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Capital Group Municipal Income ETF by 14.7% in the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after acquiring an additional 378,221 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 10.5% during the second quarter. Commonwealth Equity Services LLC now owns 2,291,900 shares of the company’s stock valued at $61,171,000 after acquiring an additional 217,749 shares during the period. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Capital Group Municipal Income ETF by 111.4% during the second quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock valued at $52,012,000 after acquiring an additional 1,027,021 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.36 on Friday. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.56. The stock’s 50 day moving average price is $27.38 and its 200 day moving average price is $26.99.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were issued a $0.0689 dividend. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 3.0%.

Capital Group Municipal Income ETF 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.