Capital Group Municipal Income ETF (NYSEARCA:CGMU) Sets New 52-Week Low – Time to Sell?

Capital Group Municipal Income ETF (NYSEARCA:CGMU)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $26.80 and last traded at $26.82, with a volume of 1824107 shares changing hands. The stock had previously closed at $26.81.

Capital Group Municipal Income ETF Stock Up 0.0%

The stock’s fifty day moving average is $27.21 and its two-hundred day moving average is $27.36.

Capital Group Municipal Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 31st were issued a dividend of $0.0702 per share. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, August 31st.

Institutional Investors Weigh In On Capital Group Municipal Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of CGMU. Atlas Private Wealth Advisors grew its holdings in shares of Capital Group Municipal Income ETF by 1.2% in the fourth quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock worth $959,000 after acquiring an additional 402 shares during the period. Cerity Partners LLC raised its position in Capital Group Municipal Income ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after purchasing an additional 433 shares in the last quarter. Florida Financial Advisors LLC boosted its position in shares of Capital Group Municipal Income ETF by 4.0% during the fourth quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock worth $346,000 after acquiring an additional 485 shares during the last quarter. Meridian Wealth Management LLC raised its stake in shares of Capital Group Municipal Income ETF by 1.9% during the 4th quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock valued at $771,000 after buying an additional 512 shares during the last quarter. Finally, Wedbush Securities Inc. raised its position in shares of Capital Group Municipal Income ETF by 1.0% during the 4th quarter. Wedbush Securities Inc. now owns 60,918 shares of the company’s stock valued at $1,668,000 after buying an additional 610 shares during the period.

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.