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

Landmark Wealth Management LLC lessened its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 29.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 hedge funds and other institutional investors have also made changes to their positions in the company. Stonebridge Financial Group LLC boosted its stake in shares of Capital Group Municipal Income ETF by 114.7% during the third quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock valued at $19,860,000 after acquiring an additional 408,964 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 1st quarter valued at about $527,000. Western Wealth Management LLC raised its stake in shares of Capital Group Municipal Income ETF by 91.3% in the 1st quarter. Western Wealth Management LLC now owns 59,505 shares of the company’s stock valued at $1,616,000 after acquiring an additional 28,404 shares during the period. NewEdge Advisors LLC raised its position in Capital Group Municipal Income ETF by 24.6% in the first quarter. NewEdge Advisors LLC now owns 224,262 shares of the company’s stock valued at $6,089,000 after purchasing an additional 44,220 shares during the period. Finally, Cornerstone Advisors Asset Management LLC boosted its holdings in Capital Group Municipal Income ETF by 23.9% in the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 223,595 shares of the company’s stock worth $6,142,000 after acquiring an additional 43,156 shares during the period.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $26.97 on Monday. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. The firm 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 firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a dividend of $0.0763 per share. This represents a $0.92 annualized dividend and a yield of 3.4%. This is a negative change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date was Friday, October 30th.

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.