Jones Financial Companies Lllp Purchases 311,810 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Jones Financial Companies Lllp grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 216.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 455,567 shares of the company’s stock after purchasing an additional 311,810 shares during the quarter. Jones Financial Companies Lllp’s holdings in Capital Group Municipal Income ETF were worth $12,264,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. CGN Advisors LLC lifted its holdings in Capital Group Municipal Income ETF by 5.0% during the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock worth $246,000 after buying an additional 434 shares during the period. Sigma Planning Corp boosted its position in Capital Group Municipal Income ETF by 5.5% during the fourth quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock valued at $341,000 after purchasing an additional 658 shares in the last quarter. Intergy Private Wealth LLC grew its stake in Capital Group Municipal Income ETF by 2.0% in the fourth quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock valued at $1,023,000 after purchasing an additional 751 shares during the last quarter. Peterson Wealth Advisors LLC raised its holdings in Capital Group Municipal Income ETF by 6.3% in the fourth quarter. Peterson Wealth Advisors LLC now owns 14,593 shares of the company’s stock worth $393,000 after purchasing an additional 867 shares in the last quarter. Finally, Northwest Financial Advisors lifted its position in shares of Capital Group Municipal Income ETF by 7.6% during the fourth quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock valued at $346,000 after buying an additional 910 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.26 on Tuesday. The company’s 50-day simple moving average is $27.02 and its 200-day simple moving average is $27.19. 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 announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.0626 dividend. The ex-dividend date was Friday, January 31st.

Capital Group Municipal Income ETF 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.