Wells Fargo & Company MN Grows Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Wells Fargo & Company MN boosted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,018,323 shares of the company’s stock after acquiring an additional 531,846 shares during the period. Wells Fargo & Company MN owned about 7.95% of Capital Group Municipal Income ETF worth $54,333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after acquiring an additional 1,109,847 shares during the last quarter. LPL Financial LLC increased its stake in Capital Group Municipal Income ETF by 33.1% during the 4th quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock worth $66,409,000 after buying an additional 613,618 shares during the period. Confluence Wealth Services Inc. grew its holdings in Capital Group Municipal Income ETF by 1,240.3% during the 4th quarter. Confluence Wealth Services Inc. now owns 624,857 shares of the company’s stock worth $16,815,000 after acquiring an additional 578,236 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth $11,233,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Capital Group Municipal Income ETF by 216.9% in the 4th quarter. Jones Financial Companies Lllp now owns 455,567 shares of the company’s stock valued at $12,264,000 after buying an additional 311,810 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.8 %

NYSEARCA CGMU opened at $26.45 on Thursday. The company has a 50-day simple moving average of $26.99 and a 200-day simple moving average of $27.09. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a dividend of $0.0775 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date was Friday, March 28th.

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.