Ashton Thomas Private Wealth LLC Purchases 34,854 Shares of Capital Group Municipal Income ETF $CGMU

Ashton Thomas Private Wealth LLC boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,339 shares of the company’s stock after purchasing an additional 34,854 shares during the period. Ashton Thomas Private Wealth LLC owned about 0.12% of Capital Group Municipal Income ETF worth $5,869,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Capital International Investors grew its holdings in Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock valued at $1,244,005,000 after purchasing an additional 5,890,074 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 1,573,897 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew 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 valued at $180,053,000 after purchasing an additional 1,620,219 shares during the last quarter. UBS Group AG grew 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 valued at $110,417,000 after purchasing an additional 450,074 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in 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 purchasing an additional 69,685 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.48 on Tuesday. The company’s 50-day simple moving average is $27.50 and its two-hundred day simple moving average is $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 business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.