Envestnet Asset Management Inc. Raises Position in Capital Group Municipal Income ETF $CGMU

Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 18.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,998,302 shares of the company’s stock after acquiring an additional 1,573,897 shares during the period. Envestnet Asset Management Inc. owned about 6.30% of Capital Group Municipal Income ETF worth $272,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after purchasing an additional 1,314,330 shares during the period. Cetera Investment Advisers raised its stake in shares of Capital Group Municipal Income ETF by 14.7% in the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock worth $78,844,000 after buying an additional 378,221 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Capital Group Municipal Income ETF by 3.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock valued at $64,448,000 after buying an additional 69,685 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Capital Group Municipal Income ETF by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock valued at $54,300,000 after buying an additional 543,338 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of Capital Group Municipal Income ETF by 111.4% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock valued at $52,012,000 after acquiring an additional 1,027,021 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $27.70 on Friday. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.72. The company’s 50 day moving average is $27.47 and its two-hundred day moving average is $27.25.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were given a dividend of $0.0675 per share. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, January 30th.

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.