Cauble & Harre Wealth Management Inc. Buys Shares of 214,701 Capital Group Municipal Income ETF $CGMU

Cauble & Harre Wealth Management Inc. acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 214,701 shares of the company’s stock, valued at approximately $5,879,000. Capital Group Municipal Income ETF comprises about 4.9% of Cauble & Harre Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Cauble & Harre Wealth Management Inc. owned 0.12% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Boulder Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $9,452,000. Cornerstone Wealth Management LLC grew its stake in shares of Capital Group Municipal Income ETF by 74.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 64,079 shares of the company’s stock valued at $1,754,000 after acquiring an additional 27,447 shares during the period. Financial Council LLC bought a new position in shares of Capital Group Municipal Income ETF during the 4th quarter valued at approximately $2,295,000. Western Wealth Management LLC increased its holdings in Capital Group Municipal Income ETF by 55.3% in the 4th quarter. Western Wealth Management LLC now owns 31,101 shares of the company’s stock worth $852,000 after acquiring an additional 11,072 shares in the last quarter. Finally, Atlas Private Wealth Advisors increased its holdings in Capital Group Municipal Income ETF by 1.2% in the 4th quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock worth $959,000 after acquiring an additional 402 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.4%

Shares of NYSEARCA:CGMU opened at $27.19 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.44 and a 1-year high of $27.93. The firm’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

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

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.