Capital Group Municipal Income ETF $CGMU Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC lessened its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 283,092 shares of the company’s stock after selling 34,829 shares during the quarter. Jacobi Capital Management LLC owned 0.10% of Capital Group Municipal Income ETF worth $7,343,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Silver Grove Financial Group Inc. boosted its position in Capital Group Municipal Income ETF by 74.4% in the third quarter. Silver Grove Financial Group Inc. now owns 14,006 shares of the company’s stock worth $363,000 after purchasing an additional 5,975 shares during the last quarter. Confluence Wealth Services Inc. increased its position in shares of Capital Group Municipal Income ETF by 1.4% during the 3rd quarter. Confluence Wealth Services Inc. now owns 1,185,205 shares of the company’s stock valued at $30,744,000 after purchasing an additional 16,374 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 16.7% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 126,583 shares of the company’s stock valued at $3,284,000 after purchasing an additional 18,094 shares during the last quarter. Entrust Financial LLC lifted its stake in shares of Capital Group Municipal Income ETF by 7,856.7% in the 3rd quarter. Entrust Financial LLC now owns 481,064 shares of the company’s stock worth $12,479,000 after purchasing an additional 475,018 shares during the period. Finally, Burton Enright Welch lifted its stake in shares of Capital Group Municipal Income ETF by 116.5% in the 3rd quarter. Burton Enright Welch now owns 125,468 shares of the company’s stock worth $3,255,000 after purchasing an additional 67,502 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $26.96 on Thursday. The company’s 50 day moving average is $26.45 and its 200 day moving average is $27.15. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a $0.0763 dividend. The ex-dividend date was 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 annualized dividend and a yield of 3.4%.

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.