JPMorgan Chase & Co. Reduces Stock Holdings in Capital Group Municipal Income ETF $CGMU

JPMorgan Chase & Co. cut its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 41.1% during the third quarter, Holdings Channel.com reports. The firm owned 284,429 shares of the company’s stock after selling 198,296 shares during the quarter. JPMorgan Chase & Co.’s holdings in Capital Group Municipal Income ETF were worth $7,762,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc increased its holdings in shares of Capital Group Municipal Income ETF by 31.3% during the 3rd quarter. IFP Advisors Inc now owns 20,279 shares of the company’s stock worth $553,000 after buying an additional 4,831 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter valued at approximately $58,000. Advisory Services Network LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter worth approximately $129,000. Kestra Private Wealth Services LLC grew its position in Capital Group Municipal Income ETF by 9.7% in the third quarter. Kestra Private Wealth Services LLC now owns 393,017 shares of the company’s stock worth $10,725,000 after acquiring an additional 34,867 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Capital Group Municipal Income ETF by 44.9% during the third quarter. NewEdge Advisors LLC now owns 178,959 shares of the company’s stock worth $4,884,000 after acquiring an additional 55,422 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.12 on Tuesday. Capital Group Municipal Income ETF has a 52 week low of $25.83 and a 52 week high of $27.93. The stock’s fifty day moving average is $27.61 and its two-hundred day moving average is $27.47.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0827 per share. 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.