Cullen Frost Bankers Inc. Boosts Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Cullen Frost Bankers Inc. lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 240.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,679 shares of the company’s stock after purchasing an additional 3,306 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Capital Group Municipal Income ETF were worth $126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. purchased a new position in Capital Group Municipal Income ETF during the third quarter worth about $19,822,000. Atria Investments Inc lifted its holdings in shares of Capital Group Municipal Income ETF by 15.6% in the 3rd quarter. Atria Investments Inc now owns 111,236 shares of the company’s stock worth $3,055,000 after acquiring an additional 15,010 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $32,000. Sigma Planning Corp increased its holdings in Capital Group Municipal Income ETF by 17.8% in the 3rd quarter. Sigma Planning Corp now owns 12,018 shares of the company’s stock valued at $330,000 after purchasing an additional 1,819 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Capital Group Municipal Income ETF by 20.5% in the third quarter. Venturi Wealth Management LLC now owns 739,531 shares of the company’s stock valued at $20,308,000 after purchasing an additional 125,646 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.16 on Monday. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54. The stock’s fifty day moving average is $27.05 and its two-hundred day moving average is $27.18.

Capital Group Municipal Income ETF Cuts Dividend

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

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.