Smith Thornton Advisors LLC Grows Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Smith Thornton Advisors LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 76.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 49,210 shares of the company’s stock after buying an additional 21,295 shares during the period. Smith Thornton Advisors LLC owned approximately 0.19% of Capital Group Municipal Income ETF worth $1,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Creative Financial Designs Inc. ADV increased its holdings in shares of Capital Group Municipal Income ETF by 268.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the second quarter worth about $64,000. CWM LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter worth about $97,000. ICA Group Wealth Management LLC raised its position in Capital Group Municipal Income ETF by 135.8% during the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after acquiring an additional 2,251 shares in the last quarter. Finally, EverSource Wealth Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the second quarter valued at approximately $119,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $26.95 on Friday. Capital Group Municipal Income ETF has a 12 month low of $25.81 and a 12 month high of $27.54. The stock’s 50 day simple moving average is $27.31 and its two-hundred day simple moving average is $27.10.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 27th were paid a dividend of $0.0672 per share. This is a positive change 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 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.