Sigma Planning Corp Makes New $720,000 Investment in Capital Group Municipal Income ETF $CGMU

Sigma Planning Corp acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, Holdings Channel reports. The institutional investor acquired 27,746 shares of the company’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGMU. Bank of America Corp DE increased its stake in shares of Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after acquiring an additional 924,704 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 6.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after purchasing an additional 859,323 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in Capital Group Municipal Income ETF by 254.0% during the first quarter. Kestra Advisory Services LLC now owns 608,109 shares of the company’s stock worth $16,510,000 after buying an additional 436,307 shares in the last quarter. Finally, Stonebridge Financial Group LLC grew its position in Capital Group Municipal Income ETF by 114.7% during the third quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock valued at $19,860,000 after buying an additional 408,964 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.72 on Friday. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $27.18. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Investors of record on Friday, October 30th will be given a dividend of $0.0763 per share. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date is Friday, October 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%.

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.