Capital Group Municipal Income ETF $CGMU Shares Bought by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 41.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 499,912 shares of the company’s stock after acquiring an additional 146,950 shares during the period. Capital Group Municipal Income ETF comprises about 1.8% of Hunter Associates Investment Management LLC’s holdings, making the stock its 12th biggest holding. Hunter Associates Investment Management LLC’s holdings in Capital Group Municipal Income ETF were worth $13,685,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Capital International Investors raised its position in Capital Group Municipal Income ETF by 14.8% during the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after acquiring an additional 5,890,074 shares during the period. Envestnet Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 18.7% during the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after acquiring an additional 1,573,897 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Capital Group Municipal Income ETF by 32.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after acquiring an additional 1,620,219 shares during the period. UBS Group AG raised its position in Capital Group Municipal Income ETF by 12.3% during the third quarter. UBS Group AG now owns 3,582,696 shares of the company’s stock worth $97,772,000 after acquiring an additional 393,042 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in Capital Group Municipal Income ETF by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock worth $64,448,000 after acquiring an additional 69,685 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.26 on Wednesday. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.93. The company has a fifty day moving average of $27.57 and a two-hundred day moving average of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0827 per share. The ex-dividend date of this dividend was Friday, February 27th. 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%.

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.