Truist Financial Corp Raises Holdings in Capital Group Municipal Income ETF $CGMU

Truist Financial Corp grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 433,728 shares of the company’s stock after buying an additional 45,418 shares during the quarter. Truist Financial Corp’s holdings in Capital Group Municipal Income ETF were worth $11,836,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. DAVENPORT & Co LLC raised its position in Capital Group Municipal Income ETF by 3.1% in the second quarter. DAVENPORT & Co LLC now owns 12,873 shares of the company’s stock worth $344,000 after acquiring an additional 386 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares in the last quarter. Nwam LLC grew its stake in shares of Capital Group Municipal Income ETF by 2.5% during the 2nd quarter. Nwam LLC now owns 18,147 shares of the company’s stock worth $484,000 after purchasing an additional 439 shares during the period. CWM LLC increased its holdings in shares of Capital Group Municipal Income ETF by 0.7% in the 2nd quarter. CWM LLC now owns 61,874 shares of the company’s stock valued at $1,651,000 after purchasing an additional 457 shares in the last quarter. Finally, Seamount Financial Group Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 3.7% in the 3rd quarter. Seamount Financial Group Inc. now owns 13,163 shares of the company’s stock valued at $359,000 after purchasing an additional 464 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.58 on Friday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.64. The company’s 50-day moving average price is $27.45 and its 200 day moving average price is $27.22.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Stockholders of record on Friday, January 30th will be paid a dividend of $0.0675 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.9%.

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.