Inspire Advisors LLC Sells 2,916 Shares of Capital Group Municipal Income ETF $CGMU

Inspire Advisors LLC reduced its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 75,367 shares of the company’s stock after selling 2,916 shares during the quarter. Inspire Advisors LLC owned approximately 0.06% of Capital Group Municipal Income ETF worth $2,012,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock worth $224,847,000 after purchasing an additional 1,017,473 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Municipal Income ETF by 40.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock worth $98,248,000 after acquiring an additional 1,053,284 shares during the last quarter. LPL Financial LLC raised its position 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 worth $80,053,000 after acquiring an additional 517,925 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Capital Group Municipal Income ETF by 14.7% in the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock worth $78,844,000 after acquiring an additional 378,221 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Capital Group Municipal Income ETF by 10.5% in the second quarter. Commonwealth Equity Services LLC now owns 2,291,900 shares of the company’s stock valued at $61,171,000 after acquiring an additional 217,749 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA:CGMU opened at $27.37 on Tuesday. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.56. The company has a 50 day simple moving average of $27.35 and a two-hundred day simple moving average of $26.92.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were paid a dividend of $0.0858 per share. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, October 31st.

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.