Atlas Private Wealth Advisors Cuts Stake in Capital Group Municipal Income ETF $CGMU

Atlas Private Wealth Advisors lowered its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 34.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,614 shares of the company’s stock after selling 18,233 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Capital Group Municipal Income ETF were worth $945,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGMU. Envestnet Asset Management Inc. boosted its stake in Capital Group Municipal Income ETF by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock valued at $224,847,000 after acquiring an additional 1,017,473 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Capital Group Municipal Income ETF by 35.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after purchasing an additional 1,314,330 shares during the period. Cetera Investment Advisers lifted its stake in Capital Group Municipal Income ETF by 14.7% in the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after purchasing an additional 378,221 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Capital Group Municipal Income ETF by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock valued at $64,448,000 after purchasing an additional 69,685 shares during the period. Finally, Osaic Holdings Inc. increased its position in Capital Group Municipal Income ETF by 36.5% in the second quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after buying an additional 543,338 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.58 on Friday. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.64. The stock’s fifty day moving average price is $27.45 and its two-hundred day moving average price is $27.22.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued 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 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.