Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Bought by Principal Securities Inc.

Principal Securities Inc. raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 946.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 142,824 shares of the company’s stock after acquiring an additional 129,174 shares during the period. Principal Securities Inc.’s holdings in Capital Group Municipal Income ETF were worth $3,922,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CGMU. Cetera Investment Advisers raised its holdings in Capital Group Municipal Income ETF by 199.4% in the 1st quarter. Cetera Investment Advisers now owns 718,847 shares of the company’s stock valued at $19,416,000 after acquiring an additional 478,759 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Municipal Income ETF by 42.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock valued at $26,528,000 after buying an additional 294,477 shares during the period. LPL Financial LLC grew its stake in shares of Capital Group Municipal Income ETF by 32.0% in the 2nd quarter. LPL Financial LLC now owns 1,193,388 shares of the company’s stock valued at $32,042,000 after buying an additional 289,638 shares during the period. Koshinski Asset Management Inc. grew its stake in shares of Capital Group Municipal Income ETF by 844.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 134,080 shares of the company’s stock valued at $3,622,000 after buying an additional 119,889 shares during the period. Finally, Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Municipal Income ETF by 22.9% in the 1st quarter. Capital Group Private Client Services Inc. now owns 575,613 shares of the company’s stock valued at $15,547,000 after buying an additional 107,429 shares during the period.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $27.02 on Friday. The firm has a 50 day simple moving average of $27.35 and a 200-day simple moving average of $27.10. Capital Group Municipal Income ETF has a 1-year low of $25.56 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a $0.0672 dividend. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date was Friday, September 27th.

Capital Group Municipal Income ETF Company Profile

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.