Arkadios Wealth Advisors Increases Stock Holdings in Capital Group Municipal Income ETF $CGMU

Arkadios Wealth Advisors boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 762.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,353 shares of the company’s stock after acquiring an additional 62,195 shares during the period. Arkadios Wealth Advisors’ holdings in Capital Group Municipal Income ETF were worth $1,920,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CGMU. Farther Finance Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at $125,000. Financial Perspectives Inc increased its holdings in shares of Capital Group Municipal Income ETF by 301.6% in the second 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 period. United Advisor Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the second quarter worth $201,000. Avaii Wealth Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the second quarter worth $210,000. Finally, Richards Merrill & Peterson Inc. boosted its stake in Capital Group Municipal Income ETF by 30.5% during the second quarter. Richards Merrill & Peterson Inc. now owns 7,925 shares of the company’s stock valued at $212,000 after buying an additional 1,850 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.55 on Friday. The business has a 50-day simple moving average of $27.43 and a 200 day simple moving average of $27.19. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given 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) dividend on an annualized basis and a dividend yield of 3.8%.

Capital Group Municipal Income ETF Company 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.