Koshinski Asset Management Inc. Acquires 46,576 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Koshinski Asset Management Inc. raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 32.2% in the fourth quarter, Holdings Channel reports. The fund owned 191,146 shares of the company’s stock after acquiring an additional 46,576 shares during the period. Koshinski Asset Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $5,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMU. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $25,000. 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. Pinnacle Bancorp Inc. acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth about $35,000. Creative Financial Designs Inc. ADV grew its holdings in Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after acquiring an additional 1,116 shares during the last quarter. Finally, Rosenberg Matthew Hamilton acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter valued at about $56,000.

Capital Group Municipal Income ETF Trading Up 0.3 %

Shares of CGMU stock opened at $26.93 on Tuesday. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54. The firm’s 50 day moving average is $27.08 and its 200-day moving average is $27.20.

Capital Group Municipal Income ETF Increases Dividend

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

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.