Capital & Planning LLC Sells 37,267 Shares of Capital Group Municipal Income ETF $CGMU

Capital & Planning LLC lessened its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 22.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,819 shares of the company’s stock after selling 37,267 shares during the quarter. Capital Group Municipal Income ETF makes up approximately 1.9% of Capital & Planning LLC’s holdings, making the stock its 27th biggest holding. Capital & Planning LLC owned about 0.06% of Capital Group Municipal Income ETF worth $3,621,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. CoreCap Advisors LLC raised its stake in shares of Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock worth $29,000 after buying an additional 908 shares during the last quarter. Core Wealth Advisors LLC bought a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at $58,000. Advisory Services Network LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at $129,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $166,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $26.78 on Tuesday. Capital Group Municipal Income ETF has a 12-month low of $26.77 and a 12-month high of $27.93. The stock’s fifty day simple moving average is $27.16 and its 200-day simple moving average is $27.34.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were given a dividend of $0.0878 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, July 31st. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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