Capital Group Municipal Income ETF $CGMU Stock: Quantum Financial Partners LLC Trims Position

Quantum Financial Partners LLC reduced its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,965 shares of the company’s stock after selling 22,602 shares during the period. Quantum Financial Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $1,063,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CGMU. CoreCap Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 672.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after purchasing an additional 908 shares in the last quarter. Capital Asset Advisory Services LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter worth approximately $211,000. Mayflower Financial Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF during the first quarter valued at approximately $216,000. Affiance Financial LLC bought a new position in shares of Capital Group Municipal Income ETF during the second quarter valued at approximately $219,000. Finally, CWS Financial Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF during the first quarter valued at approximately $226,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU traded down $0.04 during trading hours on Monday, reaching $26.32. The company’s stock had a trading volume of 2,070,056 shares, compared to its average volume of 1,519,014. The stock has a 50 day moving average price of $26.58 and a two-hundred day moving average price of $27.07. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.0773 per share. The ex-dividend date was Tuesday, September 29th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. This represents a $0.93 annualized dividend and a dividend yield of 3.5%.

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.