Arkadios Wealth Advisors Invests $218,000 in Capital Group Municipal Income ETF $CGMU

Arkadios Wealth Advisors bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,158 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in Capital Group Municipal Income ETF by 1.8% in the first quarter. Allworth Financial LP now owns 25,327 shares of the company’s stock worth $669,000 after purchasing an additional 452 shares in the last quarter. Cerity Partners LLC grew its position in shares of Capital Group Municipal Income ETF by 0.7% during the 1st quarter. Cerity Partners LLC now owns 59,769 shares of the company’s stock worth $1,603,000 after buying an additional 414 shares during the period. Seamount Financial Group Inc. grew its position in shares of Capital Group Municipal Income ETF by 7.6% during the 1st quarter. Seamount Financial Group Inc. now owns 12,123 shares of the company’s stock worth $325,000 after buying an additional 856 shares during the period. Gateway Wealth Partners LLC increased its stake in shares of Capital Group Municipal Income ETF by 24.6% in the 1st quarter. Gateway Wealth Partners LLC now owns 14,333 shares of the company’s stock valued at $384,000 after acquiring an additional 2,834 shares in the last quarter. Finally, American Financial Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 21.5% during the 1st quarter. American Financial Advisors LLC now owns 21,649 shares of the company’s stock valued at $581,000 after acquiring an additional 3,831 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.39 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.56. The company’s fifty day simple moving average is $27.27 and its 200 day simple moving average is $26.86.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were given a dividend of $0.0858 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.