D.A. Davidson & CO. Acquires New Holdings in Capital Group Municipal Income ETF $CGMU

D.A. Davidson & CO. acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,031 shares of the company’s stock, valued at approximately $241,000.

Several other institutional investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. increased its holdings in Capital Group Municipal Income ETF by 65.0% during the second quarter. Cullen Frost Bankers Inc. now owns 55,926 shares of the company’s stock valued at $1,493,000 after buying an additional 22,036 shares during the period. Avidian Wealth Enterprises LLC purchased a new position in Capital Group Municipal Income ETF during the second quarter valued at approximately $534,000. Financial Perspectives Inc increased its holdings in Capital Group Municipal Income ETF by 301.6% during the second quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after buying an additional 3,761 shares during the period. Madison Wealth Partners Inc increased its holdings in Capital Group Municipal Income ETF by 30.0% during the second quarter. Madison Wealth Partners Inc now owns 38,776 shares of the company’s stock valued at $1,035,000 after buying an additional 8,947 shares during the period. Finally, Koshinski Asset Management Inc. increased its holdings in Capital Group Municipal Income ETF by 12.1% during the second quarter. Koshinski Asset Management Inc. now owns 213,256 shares of the company’s stock valued at $5,692,000 after buying an additional 23,060 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.45 on Friday. The company’s 50 day moving average is $27.22 and its 200 day moving average is $26.83. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.56.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a $0.0718 dividend. This represents a c) annualized dividend and a yield of 3.1%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, September 29th.

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.