Peterson Wealth Advisors LLC Sells 3,961 Shares of Capital Group Municipal Income ETF $CGMU

Peterson Wealth Advisors LLC decreased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 26.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,995 shares of the company’s stock after selling 3,961 shares during the period. Peterson Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Perspectives Inc purchased a new position in Capital Group Municipal Income ETF in the 1st quarter worth $33,000. GPS Wealth Strategies Group LLC purchased a new position in Capital Group Municipal Income ETF in the 1st quarter worth $39,000. Opal Wealth Advisors LLC purchased a new position in Capital Group Municipal Income ETF in the 1st quarter worth $46,000. NBC Securities Inc. raised its stake in Capital Group Municipal Income ETF by 105,400.0% in the 1st quarter. NBC Securities Inc. now owns 3,165 shares of the company’s stock worth $84,000 after acquiring an additional 3,162 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its stake in Capital Group Municipal Income ETF by 37.5% in the 1st quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after acquiring an additional 925 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.26 on Friday. The business has a fifty day moving average of $26.79 and a 200 day moving average of $26.72. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 29th were paid a dividend of $0.0674 per share. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

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.