1,316 Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Purchased by Pinnacle Bancorp Inc.

Pinnacle Bancorp Inc. purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,316 shares of the company’s stock, valued at approximately $35,000.

Other large investors have also modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $25,000. Transcendent Capital Group LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth $32,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal Income ETF by 268.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares during the last quarter. Rosenberg Matthew Hamilton purchased a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at about $56,000. Finally, CWM LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter worth about $97,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $26.84 on Friday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The stock’s 50-day moving average is $27.09 and its 200-day moving average is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Friday, November 29th.

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.