Simplicity Wealth LLC Has $1.91 Million Stock Holdings in Capital Group Municipal Income ETF $CGMU

Simplicity Wealth LLC reduced its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 47.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 69,830 shares of the company’s stock after selling 63,306 shares during the period. Simplicity Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $1,906,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Next Level Wealth Planning LLC bought a new position in Capital Group Municipal Income ETF in the third quarter valued at about $202,000. Root Financial Partners LLC bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $102,000. Arkadios Wealth Advisors lifted its position in Capital Group Municipal Income ETF by 762.4% during the 3rd quarter. Arkadios Wealth Advisors now owns 70,353 shares of the company’s stock valued at $1,920,000 after purchasing an additional 62,195 shares during the period. Inspire Advisors LLC lifted its position in Capital Group Municipal Income ETF by 6.2% during the 3rd quarter. Inspire Advisors LLC now owns 80,067 shares of the company’s stock valued at $2,185,000 after purchasing an additional 4,700 shares during the period. Finally, Intrua Financial LLC boosted its stake in shares of Capital Group Municipal Income ETF by 20.8% in the 3rd quarter. Intrua Financial LLC now owns 39,896 shares of the company’s stock valued at $1,089,000 after purchasing an additional 6,873 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.0%

Shares of NYSEARCA:CGMU opened at $27.55 on Friday. The company has a 50 day moving average of $27.43 and a 200-day moving average of $27.19. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.61.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.0872 dividend. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%.

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.