Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sees Large Volume Increase – Here’s What Happened

Capital Group Municipal Income ETF (NYSEARCA:CGMU) saw unusually-strong trading volume on Thursday . Approximately 2,385,480 shares traded hands during mid-day trading, an increase of 112% from the previous session’s volume of 1,124,060 shares.The stock last traded at $27.32 and had previously closed at $27.30.

Capital Group Municipal Income ETF Stock Performance

The company has a 50-day moving average of $27.38 and a two-hundred day moving average of $27.47.

Capital Group Municipal Income ETF Increases Dividend

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

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atlas Private Wealth Advisors grew its stake in shares of Capital Group Municipal Income ETF by 1.2% in the fourth quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock valued at $959,000 after buying an additional 402 shares in the last quarter. Cerity Partners LLC grew its position in shares of Capital Group Municipal Income ETF by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after acquiring an additional 433 shares in the last quarter. Florida Financial Advisors LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 4.0% in the 4th quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock worth $346,000 after purchasing an additional 485 shares during the last quarter. Transcendent Capital Group LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 2.5% in the 4th quarter. Transcendent Capital Group LLC now owns 20,430 shares of the company’s stock worth $559,000 after purchasing an additional 492 shares during the last quarter. Finally, Meridian Wealth Management LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 1.9% in the 4th quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock worth $771,000 after purchasing an additional 512 shares during the last quarter.

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.