Vestmark Advisory Solutions Inc. Acquires 135,556 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Vestmark Advisory Solutions Inc. increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 18.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 872,685 shares of the company’s stock after acquiring an additional 135,556 shares during the period. Capital Group Municipal Income ETF makes up about 0.8% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 21st biggest position. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Municipal Income ETF were worth $23,493,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its holdings in Capital Group Municipal Income ETF by 65.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock worth $376,000 after acquiring an additional 5,400 shares during the period. Souders Financial Advisors boosted its position in Capital Group Municipal Income ETF by 7.1% during the 3rd quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock valued at $1,309,000 after buying an additional 3,165 shares during the period. Freedom Investment Management Inc. purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at $284,000. Ascent Group LLC purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at $566,000. Finally, TrueWealth Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 17.2% in the 4th quarter. TrueWealth Advisors LLC now owns 28,111 shares of the company’s stock worth $757,000 after purchasing an additional 4,118 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.1 %

NYSEARCA:CGMU opened at $27.18 on Thursday. The company has a 50-day moving average price of $27.03 and a 200-day moving average price 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 company also recently disclosed 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 of this dividend 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.