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

Capital & Planning LLC decreased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 22.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 131,819 shares of the company’s stock after selling 37,267 shares during the period. Capital Group Municipal Income ETF comprises approximately 1.9% of Capital & Planning LLC’s portfolio, making the stock its 27th largest position. Capital & Planning LLC’s holdings in Capital Group Municipal Income ETF were worth $3,621,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CGMU. IMPACTfolio LLC lifted its holdings in Capital Group Municipal Income ETF by 6.0% during the second quarter. IMPACTfolio LLC now owns 224,209 shares of the company’s stock worth $6,159,000 after acquiring an additional 12,595 shares in the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of Capital Group Municipal Income ETF by 129.4% in the second quarter. Ameritas Advisory Services LLC now owns 148,803 shares of the company’s stock worth $4,088,000 after acquiring an additional 83,948 shares in the last quarter. Kintra Wealth LLC increased its holdings in shares of Capital Group Municipal Income ETF by 188.6% in the second quarter. Kintra Wealth LLC now owns 194,705 shares of the company’s stock worth $5,298,000 after acquiring an additional 127,244 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the second quarter worth about $799,000. Finally, Succession Financial Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the second quarter worth about $499,000.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $26.78 on Tuesday. The stock has a 50 day simple moving average of $27.16 and a 200 day simple moving average of $27.34. Capital Group Municipal Income ETF has a 52-week low of $26.77 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

Capital Group Municipal Income ETF Company 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.