Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Purchased by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 58.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,667 shares of the company’s stock after acquiring an additional 21,530 shares during the period. Avantax Advisory Services Inc. owned approximately 0.23% of Capital Group Municipal Income ETF worth $1,579,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CGMU. ORG Partners LLC acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth about $25,000. Spire Wealth Management purchased a new position in Capital Group Municipal Income ETF in the 4th quarter worth about $25,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter worth about $35,000. Rosenberg Matthew Hamilton acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter worth about $56,000. Finally, Golden State Wealth Management LLC acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter worth about $66,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $26.99 on Wednesday. The stock’s 50-day moving average price is $27.06 and its two-hundred day moving average price is $27.17. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

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