Capital Group Municipal Income ETF $CGMU Shares Sold by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC cut its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.4% in the third quarter, HoldingsChannel.com reports. The firm owned 298,720 shares of the company’s stock after selling 27,375 shares during the quarter. Capital Group Municipal Income ETF accounts for about 4.8% of Robinson Smith Wealth Advisors LLC’s investment portfolio, making the stock its 5th largest holding. Robinson Smith Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $7,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LongView Wealth Management increased its position in shares of Capital Group Municipal Income ETF by 0.3% during the 3rd quarter. LongView Wealth Management now owns 136,772 shares of the company’s stock worth $3,548,000 after purchasing an additional 464 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in Capital Group Municipal Income ETF by 0.8% in the third quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock valued at $2,117,000 after buying an additional 610 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in Capital Group Municipal Income ETF by 3.9% in the first quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock valued at $440,000 after buying an additional 614 shares during the last quarter. Trinity Wealth Management LLC lifted its position in Capital Group Municipal Income ETF by 0.5% in the second quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock valued at $3,933,000 after buying an additional 721 shares during the last quarter. Finally, Florida Financial Advisors LLC boosted its stake in Capital Group Municipal Income ETF by 5.9% during the first quarter. Florida Financial Advisors LLC now owns 13,380 shares of the company’s stock worth $363,000 after buying an additional 740 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.7%

Shares of CGMU stock opened at $26.58 on Friday. Capital Group Municipal Income ETF has a 1-year low of $25.73 and a 1-year high of $27.93. The company has a 50-day moving average of $26.52 and a two-hundred day moving average of $27.04.

Capital Group Municipal Income ETF Increases Dividend

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

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.