UBS Group AG Acquires 450,074 Shares of Capital Group Municipal Income ETF $CGMU

UBS Group AG increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 12.6% during the fourth quarter, Holdings Channel reports. The fund owned 4,032,770 shares of the company’s stock after purchasing an additional 450,074 shares during the period. UBS Group AG’s holdings in Capital Group Municipal Income ETF were worth $110,417,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Smartleaf Asset Management LLC bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $42,000. CIBC Private Wealth Group LLC bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $58,000. Ameriflex Group Inc. bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $67,000. Flagship Harbor Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000. Finally, Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth approximately $102,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.34 on Friday. Capital Group Municipal Income ETF has a one year low of $26.44 and a one year high of $27.93. The stock’s 50 day simple moving average is $27.47 and its 200 day simple moving average is $27.48.

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 dividend of $0.0827 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%.

Capital Group Municipal Income ETF Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report).

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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