Souders Financial Advisors Reduces Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Souders Financial Advisors reduced its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,861 shares of the company’s stock after selling 1,819 shares during the quarter. Souders Financial Advisors’ holdings in Capital Group Municipal Income ETF were worth $1,235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CGMU. Creative Financial Designs Inc. ADV increased its holdings in Capital Group Municipal Income ETF by 268.9% in 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. Janney Montgomery Scott LLC increased its stake in shares of Capital Group Municipal Income ETF by 2,160.9% in the third quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock worth $11,659,000 after purchasing an additional 405,813 shares in the last quarter. Landmark Wealth Management LLC raised its position in shares of Capital Group Municipal Income ETF by 7.5% in the third quarter. Landmark Wealth Management LLC now owns 92,125 shares of the company’s stock valued at $2,530,000 after purchasing an additional 6,397 shares during the period. Hanlon Investment Management Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at approximately $356,000. Finally, Avidian Wealth Enterprises LLC boosted its holdings in Capital Group Municipal Income ETF by 6.3% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 30,696 shares of the company’s stock worth $843,000 after buying an additional 1,816 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.2 %

Capital Group Municipal Income ETF stock opened at $27.20 on Wednesday. The firm has a 50 day simple moving average of $27.02 and a 200 day simple moving average of $27.19. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.