Ameritas Advisory Services LLC Buys 2,433 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Ameritas Advisory Services LLC raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,916 shares of the company’s stock after acquiring an additional 2,433 shares during the period. Ameritas Advisory Services LLC’s holdings in Capital Group Municipal Income ETF were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CGMU. ORG Partners LLC bought a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at $25,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $32,000. Pinnacle Bancorp Inc. bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth approximately $35,000. Creative Financial Designs Inc. ADV lifted its position 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 valued at $42,000 after purchasing an additional 1,116 shares during the period. Finally, Rosenberg Matthew Hamilton purchased a new stake in Capital Group Municipal Income ETF in the fourth quarter worth approximately $56,000.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $26.91 on Friday. The company has a 50 day simple moving average of $27.07 and a two-hundred day simple moving average 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 Increases Dividend

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