JPMorgan Chase & Co. Acquires 1,109,847 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

JPMorgan Chase & Co. increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 164,421.8% in the third quarter, Holdings Channel.com reports. The firm owned 1,110,522 shares of the company’s stock after purchasing an additional 1,109,847 shares during the quarter. JPMorgan Chase & Co.’s holdings in Capital Group Municipal Income ETF were worth $30,495,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter worth about $32,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal Income ETF by 268.9% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the last quarter. CWM LLC acquired a new position in Capital Group Municipal Income ETF during the third quarter worth $97,000. ICA Group Wealth Management LLC grew its position in Capital Group Municipal Income ETF by 135.8% in the second quarter. ICA Group Wealth Management LLC now owns 3,908 shares of the company’s stock valued at $105,000 after purchasing an additional 2,251 shares in the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 2nd quarter valued at $119,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $26.94 on Wednesday. The company’s 50-day moving average price is $27.11 and its two-hundred day moving average price is $27.20. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

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

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.