Signet Financial Management LLC Sells 72,043 Shares of Capital Group Municipal Income ETF $CGMU

Signet Financial Management LLC lessened its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 74.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,338 shares of the company’s stock after selling 72,043 shares during the period. Signet Financial Management LLC’s holdings in Capital Group Municipal Income ETF were worth $650,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CGMU. Northwestern Mutual Wealth Management Co. increased its stake in shares of Capital Group Municipal Income ETF by 40.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock valued at $98,248,000 after buying an additional 1,053,284 shares during the period. Envestnet Asset Management Inc. increased its position in Capital Group Municipal Income ETF by 8.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,406,932 shares of the company’s stock valued at $198,654,000 after acquiring an additional 586,717 shares during the period. LPL Financial LLC raised its stake in shares of Capital Group Municipal Income ETF by 21.0% during the first quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock valued at $80,053,000 after acquiring an additional 517,925 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of Capital Group Municipal Income ETF by 89.7% during the first quarter. Raymond James Financial Inc. now owns 791,591 shares of the company’s stock worth $21,230,000 after purchasing an additional 374,330 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of Capital Group Municipal Income ETF by 11.2% in the first quarter. Cetera Investment Advisers now owns 2,575,859 shares of the company’s stock worth $69,085,000 after purchasing an additional 259,458 shares during the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1%

Shares of NYSEARCA:CGMU opened at $27.26 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.54. The business has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $26.73.

Capital Group Municipal Income ETF Cuts Dividend

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