26,819 Shares in Capital Group Municipal Income ETF $CGMU Bought by Stewardship Concepts Financial Services LLC

Stewardship Concepts Financial Services LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,819 shares of the company’s stock, valued at approximately $734,000. Capital Group Municipal Income ETF makes up 0.6% of Stewardship Concepts Financial Services LLC’s holdings, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of CGMU. Signaturefd LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $125,000. Sovran Advisors LLC raised its stake in Capital Group Municipal Income ETF by 18.0% during the 4th quarter. Sovran Advisors LLC now owns 69,853 shares of the company’s stock valued at $1,928,000 after purchasing an additional 10,639 shares during the period. Stratos Wealth Partners LTD. lifted its holdings in Capital Group Municipal Income ETF by 9.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,930 shares of the company’s stock worth $436,000 after purchasing an additional 1,430 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Capital Group Municipal Income ETF in the 4th quarter worth approximately $120,000. Finally, Balboa Wealth Partners bought a new position in Capital Group Municipal Income ETF in the 4th quarter worth approximately $466,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU opened at $27.25 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.93. The company has a 50 day simple moving average of $27.58 and a two-hundred day simple moving average of $27.46.

Capital Group Municipal Income ETF Increases Dividend

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

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.