Freedom Investment Management Inc. Purchases New Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Freedom Investment Management Inc. purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, Holdings Channel.com reports. The firm purchased 10,345 shares of the company’s stock, valued at approximately $284,000.

Other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at about $32,000. Creative Financial Designs Inc. ADV increased its position in Capital Group Municipal Income ETF by 268.9% in 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 period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group Municipal Income ETF in the second quarter worth about $64,000. CWM LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter worth about $97,000. Finally, ICA Group Wealth Management LLC increased 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 worth $105,000 after purchasing an additional 2,251 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.0 %

Shares of CGMU stock opened at $27.28 on Monday. The stock has a 50-day moving average price of $27.24 and a 200 day moving average price of $27.15. Capital Group Municipal Income ETF has a 12 month low of $26.50 and a 12 month high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 29th will be given a $0.0674 dividend. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date is Friday, November 29th.

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.