Oak Hill Wealth Advisors LLC Makes New $1.04 Million Investment in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Oak Hill Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 38,639 shares of the company’s stock, valued at approximately $1,040,000. Oak Hill Wealth Advisors LLC owned 0.15% of Capital Group Municipal Income ETF as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CGMU. ORG Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $25,000. Spire Wealth Management bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $25,000. Transcendent Capital Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $35,000. Finally, Rosenberg Matthew Hamilton acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $56,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.13 on Friday. The business has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $27.19. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

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 $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.