Capital Group Municipal Income ETF $CGMU Stock Sold by Landmark Wealth Management LLC

Landmark Wealth Management LLC cut its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 29.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 110,660 shares of the company’s stock after selling 45,624 shares during the quarter. Landmark Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $2,871,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Commonwealth Equity Services LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $81,186,000. Bank of America Corp DE grew its position in Capital Group Municipal Income ETF by 119.9% during the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after buying an additional 924,704 shares during the period. Envestnet Asset Management Inc. grew its position in Capital Group Municipal Income ETF by 6.7% during the second quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after buying an additional 859,323 shares during the period. Cetera Investment Advisers grew its position in Capital Group Municipal Income ETF by 17.3% during the first quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock worth $132,429,000 after buying an additional 720,377 shares during the period. Finally, Legacy CG LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter valued at about $15,426,000.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93. The company has a 50-day moving average of $26.45 and a two-hundred day moving average of $27.16.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.0763 per share. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.92 annualized dividend and a dividend yield of 3.4%.

Capital Group Municipal Income ETF Profile

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.