11,267 Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Purchased by Seamount Financial Group Inc.

Seamount Financial Group Inc. bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 11,267 shares of the company’s stock, valued at approximately $303,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGMU. Commonwealth Equity Services LLC increased its stake 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 purchasing an additional 50,942 shares in the last quarter. MML Investors Services LLC increased its position 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 valued at $33,061,000 after buying an additional 635,133 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Capital Group Municipal Income ETF by 164,421.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after buying an additional 1,109,847 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Capital Group Municipal Income ETF by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after buying an additional 83,194 shares in the last quarter. Finally, Great Valley Advisor Group Inc. increased its holdings in Capital Group Municipal Income ETF by 19.1% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock valued at $24,860,000 after acquiring an additional 145,439 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of NYSEARCA CGMU opened at $27.12 on Friday. The firm’s 50-day moving average is $27.04 and its two-hundred day moving average is $27.19. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

Capital Group Municipal Income ETF Company 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.