NewEdge Advisors LLC Raises Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

NewEdge Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 331.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,802 shares of the company’s stock after acquiring an additional 35,179 shares during the quarter. NewEdge Advisors LLC owned 0.18% of Capital Group Municipal Income ETF worth $1,233,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Orion Portfolio Solutions LLC boosted its stake in shares of Capital Group Municipal Income ETF by 5.6% during the fourth quarter. Orion Portfolio Solutions LLC now owns 436,825 shares of the company’s stock valued at $11,759,000 after purchasing an additional 23,054 shares during the period. Riggs Capital Management LLC bought a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at about $237,000. Sanctuary Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 4th quarter worth about $234,000. Nations Financial Group Inc. IA ADV grew its stake in Capital Group Municipal Income ETF by 21.9% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 16,700 shares of the company’s stock worth $450,000 after acquiring an additional 3,000 shares in the last quarter. Finally, Hanlon Investment Management Inc. increased its position in shares of Capital Group Municipal Income ETF by 46.8% during the fourth quarter. Hanlon Investment Management Inc. now owns 19,033 shares of the company’s stock worth $512,000 after acquiring an additional 6,070 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $26.41 on Friday. The business’s 50 day moving average is $26.83 and its 200 day moving average is $27.01. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 28th were given a dividend of $0.0775 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, March 28th.

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.