Peterson Wealth Advisors LLC Buys 867 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Peterson Wealth Advisors LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.3% in the fourth quarter, HoldingsChannel reports. The firm owned 14,593 shares of the company’s stock after buying an additional 867 shares during the period. Peterson Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CGMU. Mutual Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 1.6% during the fourth quarter. Mutual Advisors LLC now owns 130,354 shares of the company’s stock valued at $3,499,000 after buying an additional 2,026 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of Capital Group Municipal Income ETF by 9.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 464,177 shares of the company’s stock worth $12,496,000 after acquiring an additional 39,584 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Capital Group Municipal Income ETF by 32.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 191,146 shares of the company’s stock valued at $5,146,000 after acquiring an additional 46,576 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in Capital Group Municipal Income ETF by 25.7% in the fourth quarter. Ameritas Advisory Services LLC now owns 11,916 shares of the company’s stock valued at $321,000 after acquiring an additional 2,433 shares in the last quarter. Finally, CGN Advisors LLC grew its holdings in Capital Group Municipal Income ETF by 5.0% in the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock worth $246,000 after purchasing an additional 434 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of CGMU stock opened at $26.91 on Thursday. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54. The business’s fifty day simple moving average is $27.07 and its 200-day simple moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a $0.0674 dividend. The ex-dividend date of this dividend was Friday, November 29th. This is a boost from Capital Group Municipal Income ETF’s previous 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.