Stonebridge Financial Group LLC Boosts Holdings in Capital Group Municipal Income ETF $CGMU

by · The Markets Daily

Stonebridge Financial Group LLC lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 114.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 765,597 shares of the company’s stock after buying an additional 408,964 shares during the quarter. Capital Group Municipal Income ETF comprises 1.4% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its 21st biggest position. Stonebridge Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $19,860,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CGMU. Frazier Financial Advisors LLC grew its stake in Capital Group Municipal Income ETF by 3.9% in the 1st quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after buying an additional 614 shares in the last quarter. Trinity Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF by 0.5% during the second quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock worth $3,933,000 after acquiring an additional 721 shares in the last quarter. Florida Financial Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 5.9% during the first quarter. Florida Financial Advisors LLC now owns 13,380 shares of the company’s stock worth $363,000 after acquiring an additional 740 shares in the last quarter. Financial Council LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 0.9% in the first quarter. Financial Council LLC now owns 84,591 shares of the company’s stock worth $2,297,000 after acquiring an additional 785 shares during the period. Finally, Nwam LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 5.3% in the second quarter. Nwam LLC now owns 17,328 shares of the company’s stock worth $476,000 after acquiring an additional 869 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU traded up $0.08 during mid-day trading on Thursday, hitting $26.02. The company had a trading volume of 4,324,716 shares, compared to its average volume of 1,344,235. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The stock’s 50-day moving average price is $26.82 and its 200-day moving average price is $27.17.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.0773 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 annualized dividend and a yield of 3.6%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

Capital Group Municipal Income ETF Company Profile

(Free Report)

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.

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