Great Valley Advisor Group Inc. Has $25.28 Million Stake in Capital Group Municipal Income ETF $CGMU

Great Valley Advisor Group Inc. trimmed its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.0% during the second quarter, HoldingsChannel.com reports. The fund owned 947,101 shares of the company’s stock after selling 116,872 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Capital Group Municipal Income ETF were worth $25,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. boosted its stake in shares of Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after purchasing an additional 646 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Capital Group Municipal Income ETF by 81.8% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock valued at $117,000 after purchasing an additional 1,977 shares during the last quarter. Financial Perspectives Inc lifted its holdings in Capital Group Municipal Income ETF by 301.6% during the 2nd quarter. Financial Perspectives Inc now owns 5,008 shares of the company’s stock valued at $134,000 after purchasing an additional 3,761 shares during the last quarter. United Advisor Group LLC acquired a new position in Capital Group Municipal Income ETF in the second quarter valued at about $201,000. Finally, Avaii Wealth Management LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter worth about $210,000.

Capital Group Municipal Income ETF Stock Up 0.0%

NYSEARCA CGMU opened at $27.35 on Friday. Capital Group Municipal Income ETF has a 1-year low of $25.83 and a 1-year high of $27.56. The company has a 50 day moving average of $27.39 and a 200-day moving average of $27.02.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were issued a dividend of $0.0689 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, November 28th.

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.