Wedbush Securities Inc. Buys 86,237 Shares of Capital Group Municipal Income ETF $CGMU

Wedbush Securities Inc. purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 86,237 shares of the company’s stock, valued at approximately $2,237,000.

A number of other large investors have also added to or reduced their stakes in CGMU. Root Financial Partners LLC purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $97,000. Pinnacle Bancorp Inc. grew its stake in shares of Capital Group Municipal Income ETF by 52.3% during the third quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after acquiring an additional 970 shares in the last quarter. EnRich Financial Partners LLC grew its stake in shares of Capital Group Municipal Income ETF by 0.8% during the third quarter. EnRich Financial Partners LLC now owns 418,717 shares of the company’s stock valued at $10,862,000 after acquiring an additional 3,404 shares in the last quarter. Seamount Financial Group Inc. increased its position in shares of Capital Group Municipal Income ETF by 38.5% during the third quarter. Seamount Financial Group Inc. now owns 32,277 shares of the company’s stock worth $837,000 after acquiring an additional 8,976 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 21.0% during the third quarter. Axxcess Wealth Management LLC now owns 36,600 shares of the company’s stock worth $949,000 after acquiring an additional 6,349 shares during the last quarter.

Capital Group Municipal Income ETF Stock Up 0.2%

Shares of NYSEARCA CGMU opened at $26.62 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The stock’s 50-day simple moving average is $26.51 and its 200-day simple moving average is $27.04.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0773 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 dividend on an annualized basis and a yield of 3.5%.

Capital Group Municipal Income ETF Company 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.