Assetmark Inc. Has $29.54 Million Holdings in Capital Group Municipal Income ETF $CGMU

Assetmark Inc. grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 20.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,082,258 shares of the company’s stock after acquiring an additional 183,615 shares during the period. Assetmark Inc. owned 0.68% of Capital Group Municipal Income ETF worth $29,535,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jane Street Group LLC increased its stake in Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock valued at $6,117,000 after acquiring an additional 43,538 shares during the last quarter. CWM LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 0.7% in the second quarter. CWM LLC now owns 61,874 shares of the company’s stock worth $1,651,000 after acquiring an additional 457 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter valued at approximately $277,000. Koshinski Asset Management Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 12.1% during the 2nd quarter. Koshinski Asset Management Inc. now owns 213,256 shares of the company’s stock valued at $5,692,000 after purchasing an additional 23,060 shares during the last quarter. Finally, Madison Wealth Partners Inc increased its position in Capital Group Municipal Income ETF by 30.0% during the 2nd quarter. Madison Wealth Partners Inc now owns 38,776 shares of the company’s stock worth $1,035,000 after purchasing an additional 8,947 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

Capital Group Municipal Income ETF stock opened at $27.82 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.84. The business has a 50 day moving average of $27.51 and a 200-day moving average of $27.30.

Capital Group Municipal Income ETF Cuts Dividend

The business 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) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th.

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.