Janney Montgomery Scott LLC Increases Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Janney Montgomery Scott LLC increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 2,160.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 424,593 shares of the company’s stock after acquiring an additional 405,813 shares during the quarter. Janney Montgomery Scott LLC owned about 1.67% of Capital Group Municipal Income ETF worth $11,659,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. WNY Asset Management LLC boosted its holdings in Capital Group Municipal Income ETF by 8.9% in the 1st quarter. WNY Asset Management LLC now owns 153,985 shares of the company’s stock valued at $4,159,000 after purchasing an additional 12,600 shares during the period. Inspire Advisors LLC raised its position in shares of Capital Group Municipal Income ETF by 4.7% in the first quarter. Inspire Advisors LLC now owns 69,381 shares of the company’s stock worth $1,874,000 after buying an additional 3,124 shares in the last quarter. Avantax Advisory Services Inc. purchased a new position in Capital Group Municipal Income ETF during the first quarter worth about $375,000. Koshinski Asset Management Inc. grew its position in Capital Group Municipal Income ETF by 844.8% during the first quarter. Koshinski Asset Management Inc. now owns 134,080 shares of the company’s stock worth $3,622,000 after buying an additional 119,889 shares in the last quarter. Finally, Souders Financial Advisors increased its stake in Capital Group Municipal Income ETF by 2.7% in the 1st quarter. Souders Financial Advisors now owns 38,189 shares of the company’s stock worth $1,031,000 after acquiring an additional 1,000 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 1.4 %

Shares of CGMU opened at $26.75 on Thursday. The stock has a 50-day moving average price of $27.32 and a 200-day moving average price of $27.11. Capital Group Municipal Income ETF has a 12-month low of $25.80 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 27th were paid a $0.0672 dividend. The ex-dividend date was Friday, September 27th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05.

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.