Assetmark Inc. Has $20.60 Million Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Assetmark Inc. lifted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 6.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 765,126 shares of the company’s stock after purchasing an additional 43,269 shares during the period. Assetmark Inc.’s holdings in Capital Group Municipal Income ETF were worth $20,597,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. CGN Advisors LLC lifted its stake in shares of Capital Group Municipal Income ETF by 5.0% in the 4th quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock valued at $246,000 after purchasing an additional 434 shares during the last quarter. Sigma Planning Corp raised its holdings in Capital Group Municipal Income ETF by 5.5% in the 4th quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock worth $341,000 after acquiring an additional 658 shares during the period. Intergy Private Wealth LLC raised its holdings in Capital Group Municipal Income ETF by 2.0% in the 4th quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock worth $1,023,000 after acquiring an additional 751 shares during the period. Peterson Wealth Advisors LLC raised its holdings in Capital Group Municipal Income ETF by 6.3% in the 4th quarter. Peterson Wealth Advisors LLC now owns 14,593 shares of the company’s stock worth $393,000 after acquiring an additional 867 shares during the period. Finally, Northwest Financial Advisors raised its holdings in Capital Group Municipal Income ETF by 7.6% in the 4th quarter. Northwest Financial Advisors now owns 12,835 shares of the company’s stock worth $346,000 after acquiring an additional 910 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.1 %

Shares of CGMU opened at $27.18 on Thursday. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54. The company’s fifty day moving average price is $27.03 and its 200 day moving average price is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date was Friday, January 31st.

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.