Endeavor Private Wealth Inc. Invests $83,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Endeavor Private Wealth Inc. purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,099 shares of the company’s stock, valued at approximately $83,000.

Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after purchasing an additional 1,109,847 shares during the last quarter. Assetmark Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $19,822,000. MML Investors Services LLC raised its holdings in 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 purchasing an additional 635,133 shares in the last quarter. Orion Portfolio Solutions LLC bought a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $11,362,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 2,160.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock valued at $11,659,000 after purchasing an additional 405,813 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of Capital Group Municipal Income ETF stock opened at $26.91 on Thursday. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54. The company has a 50 day moving average price of $27.07 and a 200 day moving average price of $27.19.

Capital Group Municipal Income ETF Increases Dividend

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

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.