MB Levis & Associates LLC Makes New Investment in Capital Group Municipal Income ETF $CGMU

MB Levis & Associates LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 278,037 shares of the company’s stock, valued at approximately $7,588,000. Capital Group Municipal Income ETF accounts for 3.3% of MB Levis & Associates LLC’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. raised its position in shares of Capital Group Municipal Income ETF by 89.7% during the 1st quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock valued at $21,230,000 after purchasing an additional 374,330 shares during the period. CW Advisors LLC purchased a new stake in Capital Group Municipal Income ETF in the 1st quarter worth $566,000. Comerica Bank raised its holdings in Capital Group Municipal Income ETF by 1.1% during the first quarter. Comerica Bank now owns 71,263 shares of the company’s stock valued at $1,911,000 after acquiring an additional 792 shares during the period. Envision Financial Planning LLC lifted its position in shares of Capital Group Municipal Income ETF by 4.5% in the first quarter. Envision Financial Planning LLC now owns 40,084 shares of the company’s stock valued at $1,075,000 after acquiring an additional 1,728 shares in the last quarter. Finally, Per Stirling Capital Management LLC. lifted its position in shares of Capital Group Municipal Income ETF by 15.1% in the first quarter. Per Stirling Capital Management LLC. now owns 319,036 shares of the company’s stock valued at $8,557,000 after acquiring an additional 41,786 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.1%

NYSEARCA:CGMU opened at $27.44 on Wednesday. The stock has a 50-day moving average price of $27.41 and a 200 day moving average price of $27.07. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th will be issued a dividend of $0.0872 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 3.8%.

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.