Capital Group Municipal Income ETF $CGMU Stock Sold by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC lowered its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 298,720 shares of the company’s stock after selling 27,375 shares during the period. Capital Group Municipal Income ETF accounts for 4.8% of Robinson Smith Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest position. Robinson Smith Wealth Advisors LLC owned 0.11% of Capital Group Municipal Income ETF worth $7,749,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. Root Financial Partners LLC purchased a new position in Capital Group Municipal Income ETF during the third quarter worth about $97,000. Pinnacle Bancorp Inc. boosted its holdings in Capital Group Municipal Income ETF by 52.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after purchasing an additional 970 shares during the last quarter. EnRich Financial Partners LLC boosted its holdings in Capital Group Municipal Income ETF by 0.8% in the 3rd quarter. EnRich Financial Partners LLC now owns 418,717 shares of the company’s stock valued at $10,862,000 after purchasing an additional 3,404 shares during the last quarter. Seamount Financial Group Inc. boosted its holdings in Capital Group Municipal Income ETF by 38.5% in the 3rd quarter. Seamount Financial Group Inc. now owns 32,277 shares of the company’s stock valued at $837,000 after purchasing an additional 8,976 shares during the last quarter. Finally, Axxcess Wealth Management LLC grew its stake in shares of Capital Group Municipal Income ETF by 21.0% in the 3rd quarter. Axxcess Wealth Management LLC now owns 36,600 shares of the company’s stock valued at $949,000 after buying an additional 6,349 shares during the period.

Capital Group Municipal Income ETF Price Performance

Capital Group Municipal Income ETF stock opened at $26.58 on Friday. The firm has a 50 day simple moving average of $26.52 and a 200-day simple moving average of $27.04. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

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

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.