Ameritas Advisory Services LLC Has $1.03 Million Holdings in Capital Group Municipal Income ETF $CGMU

Ameritas Advisory Services LLC grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 246.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,731 shares of the company’s stock after acquiring an additional 26,853 shares during the period. Ameritas Advisory Services LLC’s holdings in Capital Group Municipal Income ETF were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CGMU. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after buying an additional 1,573,897 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Capital Group Municipal Income ETF by 35.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after acquiring an additional 1,314,330 shares during the last quarter. Cetera Investment Advisers grew its position in shares of Capital Group Municipal Income ETF by 14.7% in the 2nd quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after acquiring an additional 378,221 shares during the period. Commonwealth Equity Services LLC grew its position 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 valued at $64,448,000 after acquiring an additional 69,685 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Capital Group Municipal Income ETF by 36.5% during the 2nd quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after purchasing an additional 543,338 shares during the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

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

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued 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 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.