Berger Financial Group Inc Purchases 26,048 Shares of Capital Group Municipal Income ETF $CGMU

Berger Financial Group Inc lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 107.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,290 shares of the company’s stock after acquiring an additional 26,048 shares during the quarter. Berger Financial Group Inc’s holdings in Capital Group Municipal Income ETF were worth $1,377,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CGMU. Capital International Investors boosted its holdings in shares of Capital Group Municipal Income ETF by 14.8% in the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after buying an additional 5,890,074 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Municipal Income ETF by 32.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after buying an additional 1,620,219 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after buying an additional 1,573,897 shares during the last quarter. Blue Chip Partners LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after buying an additional 1,448,696 shares during the last quarter. Finally, Capital Insight Partners LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth about $13,802,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.48 on Monday. The company’s 50-day moving average is $27.53 and its 200 day moving average is $27.47. Capital Group Municipal Income ETF has a fifty-two week low of $26.22 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.0827 dividend. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%.

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.