Wealthcare Advisory Partners LLC Lowers Stock Position in Capital Group Municipal Income ETF $CGMU

Wealthcare Advisory Partners LLC lessened its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 214,781 shares of the company’s stock after selling 19,765 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $5,881,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. MB Levis & Associates LLC grew its stake in shares of Capital Group Municipal Income ETF by 29.3% in the 4th quarter. MB Levis & Associates LLC now owns 359,449 shares of the company’s stock worth $9,842,000 after buying an additional 81,412 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its stake in Capital Group Municipal Income ETF by 46.7% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 18,694 shares of the company’s stock valued at $512,000 after buying an additional 5,949 shares during the last quarter. LongView Wealth Management boosted its holdings in Capital Group Municipal Income ETF by 62.9% in the fourth quarter. LongView Wealth Management now owns 100,530 shares of the company’s stock worth $2,770,000 after acquiring an additional 38,803 shares in the last quarter. Skyline Advisors Inc. boosted its holdings in Capital Group Municipal Income ETF by 3.6% in the fourth quarter. Skyline Advisors Inc. now owns 171,962 shares of the company’s stock worth $4,708,000 after acquiring an additional 5,963 shares in the last quarter. Finally, Spinnaker Investment Group LLC grew its stake in shares of Capital Group Municipal Income ETF by 3.4% in the fourth quarter. Spinnaker Investment Group LLC now owns 51,175 shares of the company’s stock worth $1,401,000 after acquiring an additional 1,684 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.16 on Friday. The business has a fifty day moving average price of $27.62 and a 200-day moving average price of $27.47. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0827 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.