Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Bought by Raymond James & Associates

Raymond James & Associates grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 23.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 123,576 shares of the company’s stock after acquiring an additional 23,569 shares during the quarter. Raymond James & Associates owned about 0.49% of Capital Group Municipal Income ETF worth $3,318,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CGMU. AdvisorNet Financial Inc lifted its holdings in shares of Capital Group Municipal Income ETF by 73.7% in the second quarter. AdvisorNet Financial Inc now owns 20,489 shares of the company’s stock valued at $550,000 after buying an additional 8,693 shares during the period. Great Valley Advisor Group Inc. lifted its holdings in shares of 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 valued at $20,402,000 after buying an additional 64,577 shares during the period. AA Financial Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at $1,508,000. Intergy Private Wealth LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 155.8% in the second quarter. Intergy Private Wealth LLC now owns 36,673 shares of the company’s stock valued at $985,000 after buying an additional 22,334 shares during the period. Finally, Thrive Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the second quarter valued at $850,000.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.24 on Friday. The business has a fifty day simple moving average of $27.15 and a 200-day simple moving average of $26.98. Capital Group Municipal Income ETF has a fifty-two week low of $25.32 and a fifty-two week high of $27.42.

Capital Group Municipal Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 31st were issued a $0.0455 dividend. The ex-dividend date of this dividend was Wednesday, July 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.