Jane Street Group LLC Takes $306,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Jane Street Group LLC acquired a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,126 shares of the company’s stock, valued at approximately $306,000.

A number of other hedge funds have also made changes to their positions in CGMU. Transcendent Capital Group LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter worth about $32,000. Creative Financial Designs Inc. ADV boosted its stake in Capital Group Municipal Income ETF by 268.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares in the last quarter. CWM LLC purchased a new stake in Capital Group Municipal Income ETF in the third quarter valued at approximately $97,000. ICA Group Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 135.8% during the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after buying an additional 2,251 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the second quarter valued at approximately $119,000.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.90 on Friday. The company has a fifty day moving average of $27.10 and a 200-day moving average of $27.20. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

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

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.