Capital Group Municipal Income ETF $CGMU Shares Sold by Legacy Private Trust Co.

Legacy Private Trust Co. reduced its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 21.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,373 shares of the company’s stock after selling 49,718 shares during the quarter. Legacy Private Trust Co. owned approximately 0.07% of Capital Group Municipal Income ETF worth $4,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stonebridge Financial Group LLC raised its position in shares of Capital Group Municipal Income ETF by 114.7% during the 3rd quarter. Stonebridge Financial Group LLC now owns 765,597 shares of the company’s stock worth $19,860,000 after acquiring an additional 408,964 shares in the last quarter. Independent Financial Group LLC acquired a new stake in Capital Group Municipal Income ETF during the 1st quarter worth $527,000. Western Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 91.3% during the first quarter. Western Wealth Management LLC now owns 59,505 shares of the company’s stock worth $1,616,000 after buying an additional 28,404 shares during the period. NewEdge Advisors LLC lifted its position in Capital Group Municipal Income ETF by 24.6% during the 1st quarter. NewEdge Advisors LLC now owns 224,262 shares of the company’s stock worth $6,089,000 after acquiring an additional 44,220 shares during the period. Finally, Capital Analysts LLC grew its position in Capital Group Municipal Income ETF by 19.5% in the 4th quarter. Capital Analysts LLC now owns 432,799 shares of the company’s stock valued at $11,850,000 after buying an additional 70,603 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU traded up $0.01 on Tuesday, hitting $26.02. 2,187,173 shares of the company’s stock were exchanged, compared to its average volume of 1,384,771. The firm’s 50-day moving average price is $26.75 and its two-hundred day moving average price is $27.14. Capital Group Municipal Income ETF has a fifty-two week low of $25.73 and a fifty-two week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0773 per share. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date was Tuesday, September 29th. This represents a $0.93 annualized dividend and a yield of 3.6%.

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.