Skyline Advisors Inc. Purchases 45,434 Shares of Capital Group Municipal Income ETF $CGMU

Skyline Advisors Inc. raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 37.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,999 shares of the company’s stock after acquiring an additional 45,434 shares during the quarter. Capital Group Municipal Income ETF makes up about 1.6% of Skyline Advisors Inc.’s investment portfolio, making the stock its 14th largest holding. Skyline Advisors Inc. owned 0.10% of Capital Group Municipal Income ETF worth $4,530,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sand Hill Global Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 2nd quarter valued at about $511,000. Penney Financial LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $1,604,000. Confluence Wealth Services Inc. grew its holdings in Capital Group Municipal Income ETF by 5.3% during the third quarter. Confluence Wealth Services Inc. now owns 746,403 shares of the company’s stock worth $20,369,000 after purchasing an additional 37,394 shares during the period. Arkadios Wealth Advisors grew its holdings in Capital Group Municipal Income ETF by 762.4% during the third quarter. Arkadios Wealth Advisors now owns 70,353 shares of the company’s stock worth $1,920,000 after purchasing an additional 62,195 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in Capital Group Municipal Income ETF by 18.7% during the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after buying an additional 1,573,897 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.64 on Monday. The stock’s 50 day moving average price is $27.64 and its two-hundred day moving average price is $27.41. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a dividend of $0.0827 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.