Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Volume Increase – Time to Buy?

Capital Group Municipal Income ETF (NYSEARCA:CGMUGet 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

Hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF by 672.6% in the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after acquiring an additional 908 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the 4th quarter valued at $48,000. CIBC Private Wealth Group LLC bought a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at $58,000. Advisory Services Network LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter worth $129,000. Finally, Quadrant Capital Group LLC acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter worth $166,000.

Capital Group Municipal Income ETF Company Profile

(Get Free Report)

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.

Further Reading

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