810,412 Shares in Capital Group Municipal Income ETF $CGMU Purchased by Aprio Wealth Management LLC

Aprio Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 810,412 shares of the company’s stock, valued at approximately $22,189,000. Capital Group Municipal Income ETF makes up about 1.3% of Aprio Wealth Management LLC’s portfolio, making the stock its 19th biggest holding. Aprio Wealth Management LLC owned 0.45% of Capital Group Municipal Income ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Capital International Investors boosted its position in shares of Capital Group Municipal Income ETF by 14.8% during the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock valued at $1,244,005,000 after buying an additional 5,890,074 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in Capital Group Municipal Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after acquiring an additional 1,573,897 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after acquiring an additional 1,620,219 shares during the last quarter. UBS Group AG boosted its holdings in Capital Group Municipal Income ETF by 12.6% during the 4th quarter. UBS Group AG now owns 4,032,770 shares of the company’s stock worth $110,417,000 after acquiring an additional 450,074 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of Capital Group Municipal Income ETF by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock worth $64,448,000 after acquiring an additional 69,685 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.47 on Monday. The firm has a 50-day moving average of $27.50 and a 200-day moving average of $27.48. Capital Group Municipal Income ETF has a one year low of $26.44 and a one year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

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.