Assetmark Inc. Has $20.60 Million Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Assetmark Inc. increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 765,126 shares of the company’s stock after purchasing an additional 43,269 shares during the period. Assetmark Inc. owned about 3.01% of Capital Group Municipal Income ETF worth $20,597,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. JPMorgan Chase & Co. boosted its stake in Capital Group Municipal Income ETF by 164,421.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after purchasing an additional 1,109,847 shares during the period. MML Investors Services LLC boosted 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 valued at $33,061,000 after buying an additional 635,133 shares during the period. Confluence Wealth Services Inc. boosted 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 valued at $16,815,000 after buying an additional 578,236 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at $11,362,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Capital Group Municipal Income ETF by 2,160.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock valued at $11,659,000 after buying an additional 405,813 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.18 on Thursday. The firm has a fifty day moving average of $27.03 and a two-hundred day moving average of $27.19. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders 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.