Capital Group Municipal Income ETF $CGMU Stake Cut by Legacy Private Trust Co.

Legacy Private Trust Co. decreased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 21.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 184,373 shares of the company’s stock after selling 49,718 shares during the quarter. Legacy Private Trust Co.’s holdings in Capital Group Municipal Income ETF were worth $4,783,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. CoreCap Advisors LLC increased its position in Capital Group Municipal Income ETF by 672.6% during the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after purchasing an additional 908 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new position in Capital Group Municipal Income ETF during the first quarter worth approximately $211,000. Mayflower Financial Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the first quarter valued at $216,000. Affiance Financial LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 2nd quarter valued at about $219,000. Finally, Waverly Advisors LLC purchased a new position in Capital Group Municipal Income ETF in the first quarter valued at approximately $226,000.

Capital Group Municipal Income ETF Trading Up 0.1%

CGMU stock traded up $0.01 during midday trading on Tuesday, reaching $26.02. 2,187,173 shares of the company’s stock traded hands, compared to its average volume of 1,384,771. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93. The business has a 50-day moving average price of $26.75 and a two-hundred day moving average price of $27.14.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a $0.0773 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702.

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.