Souders Financial Advisors Has $1.31 Million Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Souders Financial Advisors grew its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,680 shares of the company’s stock after purchasing an additional 3,165 shares during the quarter. Souders Financial Advisors owned approximately 0.19% of Capital Group Municipal Income ETF worth $1,309,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in Capital Group Municipal Income ETF by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock valued at $49,261,000 after acquiring an additional 50,942 shares during the period. LPL Financial LLC lifted its position 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 worth $32,042,000 after purchasing an additional 289,638 shares during the period. Northwestern Mutual Wealth Management Co. boosted 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 purchasing an additional 294,477 shares during the last quarter. Cetera Investment Advisers raised its stake in Capital Group Municipal Income ETF by 27.9% during the second quarter. Cetera Investment Advisers now owns 919,068 shares of the company’s stock worth $24,677,000 after buying an additional 200,221 shares during the last quarter. Finally, Great Valley Advisor Group Inc. boosted its holdings in Capital Group Municipal Income ETF by 9.3% in the second quarter. Great Valley Advisor Group Inc. now owns 759,854 shares of the company’s stock worth $20,402,000 after acquiring an additional 64,577 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.3 %

Shares of NYSEARCA:CGMU opened at $27.07 on Wednesday. Capital Group Municipal Income ETF has a twelve month low of $25.87 and a twelve month high of $27.54. The stock’s 50 day moving average is $27.30 and its 200-day moving average is $27.12.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a $0.0672 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend 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.