Atlas Private Wealth Advisors Sells 18,233 Shares of Capital Group Municipal Income ETF $CGMU

Atlas Private Wealth Advisors decreased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 34.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,614 shares of the company’s stock after selling 18,233 shares during the quarter. Atlas Private Wealth Advisors’ holdings in Capital Group Municipal Income ETF were worth $945,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC grew its position in Capital Group Municipal Income ETF by 23.6% in the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 12.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 561,401 shares of the company’s stock worth $14,984,000 after purchasing an additional 60,202 shares in the last quarter. Truist Financial Corp increased its position in shares of Capital Group Municipal Income ETF by 17.1% during the 2nd quarter. Truist Financial Corp now owns 388,310 shares of the company’s stock valued at $10,364,000 after purchasing an additional 56,794 shares during the last quarter. Berger Financial Group Inc bought a new position in shares of Capital Group Municipal Income ETF during the 2nd quarter valued at about $658,000. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Capital Group Municipal Income ETF by 8.0% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 216,377 shares of the company’s stock valued at $5,775,000 after buying an additional 16,041 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA 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 firm’s 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $27.22.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued 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 dividend yield of 2.9%.

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.