Creative Financial Designs Inc. ADV Acquires 863 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Creative Financial Designs Inc. ADV grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 56.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,394 shares of the company’s stock after buying an additional 863 shares during the quarter. Creative Financial Designs Inc. ADV’s holdings in Capital Group Municipal Income ETF were worth $64,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGMU. JPMorgan Chase & Co. lifted its position in Capital Group Municipal Income ETF by 164,421.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after buying an additional 1,109,847 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 111.7% during the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after purchasing an additional 635,133 shares during the last quarter. Confluence Wealth Services Inc. increased its stake in shares of 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 purchasing an additional 578,236 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $11,233,000. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth about $11,362,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $26.98 on Friday. The company’s 50-day moving average is $27.06 and its 200-day moving average is $27.16. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

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