Prospera Financial Services Inc Invests $258,000 in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Prospera Financial Services Inc purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,409 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 stake in shares of Capital Group Municipal Income ETF by 268.9% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after buying an additional 1,116 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the 2nd quarter worth $64,000. CWM LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth $97,000. Finally, ICA Group Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 135.8% in the 2nd quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock worth $105,000 after buying an additional 2,251 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $27.24 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $26.34 and a 1 year high of $27.54. The stock’s fifty day moving average price is $27.26 and its 200-day moving average price is $27.14.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 27th were issued a $0.0672 dividend. This is a boost from Capital Group Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date was Friday, September 27th.

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.