Capital Group Municipal Income ETF $CGMU Stock: Total Clarity Wealth Management Inc. Cuts Position

Total Clarity Wealth Management Inc. lessened its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,160 shares of the company’s stock after selling 21,668 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $3,480,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. bought a new stake in Capital Group Municipal Income ETF during the third quarter worth $266,000. Park Avenue Securities LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter worth $6,850,000. Midwest Heritage Bank FSB grew its stake in Capital Group Municipal Income ETF by 33.9% in the 3rd quarter. Midwest Heritage Bank FSB now owns 23,303 shares of the company’s stock valued at $604,000 after purchasing an additional 5,901 shares during the period. Flagship Harbor Advisors LLC grew its stake in Capital Group Municipal Income ETF by 29.2% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 72,169 shares of the company’s stock valued at $1,872,000 after purchasing an additional 16,318 shares during the period. Finally, Equity Wealth Partners LLC grew its stake in Capital Group Municipal Income ETF by 42.2% in the 3rd quarter. Equity Wealth Partners LLC now owns 46,467 shares of the company’s stock valued at $1,205,000 after purchasing an additional 13,788 shares during the period.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.72 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The stock has a fifty day moving average price of $26.50 and a 200-day moving average price of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0773 per share. The ex-dividend date was Tuesday, September 29th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. This represents a $0.93 annualized dividend and a yield of 3.5%.

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.