Envestnet Portfolio Solutions Inc. Has $8.22 Million Position in Capital Group Municipal Income ETF $CGMU

Envestnet Portfolio Solutions Inc. grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 10.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 300,041 shares of the company’s stock after buying an additional 29,286 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.16% of Capital Group Municipal Income ETF worth $8,215,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jane Street Group LLC lifted its position in shares of Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock valued at $6,117,000 after buying an additional 43,538 shares during the last quarter. Cerity Partners LLC raised its stake in Capital Group Municipal Income ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after purchasing an additional 433 shares in the last quarter. NewEdge Advisors LLC raised its stake in Capital Group Municipal Income ETF by 105.7% in the second quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after purchasing an additional 63,473 shares in the last quarter. Sei Investments Co. acquired a new position in Capital Group Municipal Income ETF in the second quarter valued at about $6,154,000. Finally, Raymond James Financial Inc. lifted its stake in Capital Group Municipal Income ETF by 45.6% during the second quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock worth $30,757,000 after purchasing an additional 360,770 shares during the last quarter.

Capital Group Municipal Income ETF Stock Up 0.2%

Shares of Capital Group Municipal Income ETF stock opened at $27.18 on Thursday. The firm’s 50 day moving average is $27.35 and its 200 day moving average is $27.47. Capital Group Municipal Income ETF has a 1 year low of $26.44 and a 1 year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0827 dividend. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, February 27th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.