Capital Insight Partners LLC Makes New Investment in Capital Group Municipal Income ETF $CGMU

Capital Insight Partners LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 505,762 shares of the company’s stock, valued at approximately $13,802,000. Capital Group Municipal Income ETF makes up approximately 2.3% of Capital Insight Partners LLC’s holdings, making the stock its 12th largest holding. Capital Insight Partners LLC owned approximately 0.33% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after acquiring an additional 646 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its position in Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after purchasing an additional 1,977 shares in the last quarter. Financial Perspectives Inc grew its holdings in Capital Group Municipal Income ETF by 301.6% in the second quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after purchasing an additional 3,761 shares during the last quarter. United Advisor Group LLC acquired a new stake in Capital Group Municipal Income ETF in the second quarter valued at $201,000. Finally, Avaii Wealth Management LLC purchased a new position in shares of Capital Group Municipal Income ETF in the second quarter valued at $210,000.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $27.41 on Monday. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.56. The stock has a fifty day simple moving average of $27.40 and a 200-day simple moving average of $27.06.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were given a dividend of $0.0689 per share. The ex-dividend date was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 3.0%.

Capital Group Municipal Income ETF 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.