Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Bought by McGlone Suttner Wealth Management Inc.

McGlone Suttner Wealth Management Inc. lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 4.4% during the fourth quarter, Holdings Channel reports. The fund owned 63,061 shares of the company’s stock after purchasing an additional 2,645 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CGMU. Commonwealth Equity Services LLC increased its holdings in Capital Group Municipal Income ETF by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock worth $49,261,000 after purchasing an additional 50,942 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 111.7% in the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after buying an additional 635,133 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Capital Group Municipal Income ETF by 164,421.8% in the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after acquiring an additional 1,109,847 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Municipal Income ETF by 42.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock valued at $26,528,000 after acquiring an additional 294,477 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in Capital Group Municipal Income ETF by 9.4% during the 3rd quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after acquiring an additional 83,194 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $26.91 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54. The company has a 50-day moving average of $27.07 and a 200-day moving average of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a $0.0674 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07.

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.