Truist Financial Corp Boosts Position in Capital Group Municipal Income ETF $CGMU

Truist Financial Corp raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 433,728 shares of the company’s stock after purchasing an additional 45,418 shares during the period. Truist Financial Corp owned 0.27% of Capital Group Municipal Income ETF worth $11,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 3.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 12,873 shares of the company’s stock valued at $344,000 after buying an additional 386 shares in the last quarter. Cerity Partners LLC lifted its position in Capital Group Municipal Income ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after acquiring an additional 433 shares during the last quarter. Nwam LLC boosted its stake in Capital Group Municipal Income ETF by 2.5% in the second quarter. Nwam LLC now owns 18,147 shares of the company’s stock valued at $484,000 after acquiring an additional 439 shares in the last quarter. CWM LLC boosted its stake in Capital Group Municipal Income ETF by 0.7% in the second quarter. CWM LLC now owns 61,874 shares of the company’s stock valued at $1,651,000 after acquiring an additional 457 shares in the last quarter. Finally, Seamount Financial Group Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 3.7% during the third quarter. Seamount Financial Group Inc. now owns 13,163 shares of the company’s stock worth $359,000 after purchasing an additional 464 shares during the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

CGMU opened at $27.58 on Friday. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.64. The business’s 50-day simple moving average is $27.45 and its 200-day simple moving average is $27.22.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be given a dividend of $0.0675 per share. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) annualized dividend and a yield of 2.9%.

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.