NavPoint Financial Inc. Has $1.74 Million Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

NavPoint Financial Inc. grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,728 shares of the company’s stock after acquiring an additional 3,315 shares during the period. Capital Group Municipal Income ETF accounts for approximately 1.5% of NavPoint Financial Inc.’s investment portfolio, making the stock its 19th biggest holding. NavPoint Financial Inc. owned approximately 0.25% of Capital Group Municipal Income ETF worth $1,738,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Pillar Wealth Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF by 3.7% in the 4th quarter. Pillar Wealth Advisors LLC now owns 381,264 shares of the company’s stock valued at $10,325,000 after buying an additional 13,476 shares during the period. First Heartland Consultants Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $271,000. Atria Wealth Solutions Inc. grew its stake in shares of Capital Group Municipal Income ETF by 13.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 51,152 shares of the company’s stock valued at $1,374,000 after buying an additional 6,146 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Capital Group Municipal Income ETF by 21.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock valued at $555,000 after buying an additional 3,633 shares during the period. Finally, UBS Group AG grew its stake in shares of Capital Group Municipal Income ETF by 178.7% in the 4th quarter. UBS Group AG now owns 1,213,930 shares of the company’s stock valued at $32,873,000 after buying an additional 778,342 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU traded down $0.01 during trading hours on Tuesday, hitting $27.35. The stock had a trading volume of 250,424 shares, compared to its average volume of 519,776. The firm has a 50 day simple moving average of $27.13 and a 200-day simple moving average of $26.98. Capital Group Municipal Income ETF has a 1-year low of $25.32 and a 1-year high of $27.42.

Capital Group Municipal Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 31st were paid a $0.0455 dividend. The ex-dividend date of this dividend was Wednesday, July 31st.

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.