27,746 Shares in Capital Group Municipal Income ETF $CGMU Acquired by Sigma Planning Corp

Sigma Planning Corp acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,746 shares of the company’s stock, valued at approximately $720,000.

A number of other hedge funds have also recently made changes to their positions in CGMU. Michael Brady & Co. LLC grew its holdings in Capital Group Municipal Income ETF by 3.3% during the 3rd quarter. Michael Brady & Co. LLC now owns 395,007 shares of the company’s stock worth $10,246,000 after acquiring an additional 12,606 shares in the last quarter. Atlas Private Wealth Advisors boosted its position in Capital Group Municipal Income ETF by 4.1% during the 3rd quarter. Atlas Private Wealth Advisors now owns 38,397 shares of the company’s stock valued at $996,000 after acquiring an additional 1,498 shares in the last quarter. Simplicity Wealth LLC raised its position in shares of Capital Group Municipal Income ETF by 35.4% in the 3rd quarter. Simplicity Wealth LLC now owns 101,379 shares of the company’s stock worth $2,630,000 after acquiring an additional 26,530 shares in the last quarter. Wedbush Securities Inc. bought a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $2,237,000. Finally, Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $97,000.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $26.72 on Friday. Capital Group Municipal Income ETF has a one year low of $25.73 and a one year high of $27.93. The firm has a 50-day simple moving average of $26.47 and a two-hundred day simple moving average of $27.18.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Friday, October 30th will be given a dividend of $0.0763 per share. The ex-dividend date of this dividend is Friday, October 30th. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%.

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.