Cullen Frost Bankers Inc. Acquires 48,492 Shares of Capital Group Municipal Income ETF $CGMU

Cullen Frost Bankers Inc. boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 86.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,418 shares of the company’s stock after buying an additional 48,492 shares during the quarter. Cullen Frost Bankers Inc. owned approximately 0.07% of Capital Group Municipal Income ETF worth $2,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at $102,000. Farther Finance Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $125,000. Financial Perspectives Inc lifted its stake in shares of Capital Group Municipal Income ETF by 301.6% during the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock worth $134,000 after purchasing an additional 3,761 shares during the last quarter. United Advisor Group LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter valued at about $201,000. Finally, Next Level Wealth Planning LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter valued at about $202,000.

Capital Group Municipal Income ETF Trading Up 0.0%

Shares of Capital Group Municipal Income ETF stock opened at $27.58 on Tuesday. The company has a 50-day simple moving average of $27.43 and a two-hundred day simple moving average of $27.20. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a dividend of $0.0872 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend and a dividend yield of 3.8%.

About Capital Group Municipal Income ETF

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.