Atria Wealth Solutions Inc. Has $5.14 Million Position in Capital Group Municipal Income ETF $CGMU

Atria Wealth Solutions Inc. cut its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 25.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 192,286 shares of the company’s stock after selling 64,810 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Capital Group Municipal Income ETF were worth $5,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGMU. Financial Perspectives Inc acquired a new position in Capital Group Municipal Income ETF during the 1st quarter worth about $33,000. Opal Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the 1st quarter worth about $46,000. Pinnacle Bancorp Inc. raised its position in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after acquiring an additional 646 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of Capital Group Municipal Income ETF by 37.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after acquiring an additional 925 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Capital Group Municipal Income ETF by 81.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock worth $117,000 after acquiring an additional 1,977 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.39 on Tuesday. The stock has a 50-day moving average price of $27.05 and a 200-day moving average price of $26.75. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a $0.0718 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.1%.

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.