Wealthcare Advisory Partners LLC Trims Position in Capital Group Municipal Income ETF $CGMU

Wealthcare Advisory Partners LLC lessened its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 214,781 shares of the company’s stock after selling 19,765 shares during the quarter. Wealthcare Advisory Partners LLC owned approximately 0.12% of Capital Group Municipal Income ETF worth $5,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC bought a new position in Capital Group Municipal Income ETF in the 3rd quarter worth $42,000. CIBC Private Wealth Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $58,000. Ameriflex Group Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at about $67,000. Root Financial Partners LLC bought a new position in Capital Group Municipal Income ETF in the third quarter worth about $102,000. Finally, Farther Finance Advisors LLC bought a new position in Capital Group Municipal Income ETF in the third quarter worth about $125,000.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.16 on Friday. The company has a 50-day simple moving average of $27.62 and a two-hundred day simple moving average of $27.47. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0827 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Receive News & Ratings for Capital Group Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.