LifeGoal Wealth Advisors Buys New Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

LifeGoal Wealth Advisors purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,278 shares of the company’s stock, valued at approximately $1,004,000. Capital Group Municipal Income ETF accounts for approximately 1.1% of LifeGoal Wealth Advisors’ holdings, making the stock its 25th largest holding. LifeGoal Wealth Advisors owned 0.15% of Capital Group Municipal Income ETF as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CGMU. Raymond James & Associates increased its holdings in shares of Capital Group Municipal Income ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after acquiring an additional 24,598 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Capital Group Municipal Income ETF by 8.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 153,314 shares of the company’s stock worth $4,210,000 after purchasing an additional 11,776 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Capital Group Municipal Income ETF by 11.4% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 12,480 shares of the company’s stock valued at $343,000 after purchasing an additional 1,275 shares during the period. Gateway Wealth Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $241,000. Finally, American Financial Advisors LLC boosted its stake in shares of Capital Group Municipal Income ETF by 49.7% during the third quarter. American Financial Advisors LLC now owns 16,077 shares of the company’s stock worth $441,000 after buying an additional 5,340 shares during the period.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.28 on Wednesday. The business’s 50-day moving average price is $27.00 and its 200 day moving average price is $27.19. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

Capital Group Municipal Income ETF 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.