Orion Portfolio Solutions LLC Has $11.76 Million Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Orion Portfolio Solutions LLC boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 436,825 shares of the company’s stock after buying an additional 23,054 shares during the period. Orion Portfolio Solutions LLC owned approximately 1.72% of Capital Group Municipal Income ETF worth $11,759,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $25,000. Spire Wealth Management bought a new position in Capital Group Municipal Income ETF during the fourth quarter worth $25,000. Pinnacle Bancorp Inc. acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter worth $35,000. Rosenberg Matthew Hamilton bought a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at $56,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Capital Group Municipal Income ETF by 56.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock valued at $64,000 after purchasing an additional 863 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $26.76 on Friday. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54. The stock has a 50-day moving average of $27.06 and a 200-day moving average of $27.14.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 28th will be paid a $0.0775 dividend. The ex-dividend date of this dividend is Friday, March 28th. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.06.

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.