Quantum Financial Partners LLC Sells 22,602 Shares of Capital Group Municipal Income ETF $CGMU

Quantum Financial Partners LLC lessened its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 40,965 shares of the company’s stock after selling 22,602 shares during the quarter. Quantum Financial Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McGlone Suttner Wealth Management Inc. boosted its holdings in shares of Capital Group Municipal Income ETF by 0.8% during the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock worth $2,117,000 after purchasing an additional 610 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of 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 purchasing an additional 614 shares during the last quarter. Trinity Wealth Management LLC increased its holdings in shares of 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 purchasing an additional 721 shares during the last quarter. Florida Financial Advisors LLC increased its holdings in shares of Capital Group Municipal Income ETF by 5.9% in the first quarter. Florida Financial Advisors LLC now owns 13,380 shares of the company’s stock valued at $363,000 after purchasing an additional 740 shares during the last quarter. Finally, Financial Council LLC lifted its position in Capital Group Municipal Income ETF by 0.9% during the first quarter. Financial Council LLC now owns 84,591 shares of the company’s stock worth $2,297,000 after buying an additional 785 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock traded down $0.04 during trading on Monday, reaching $26.32. 2,070,056 shares of the company were exchanged, compared to its average volume of 1,519,014. The stock’s 50 day simple moving average is $26.58 and its two-hundred day simple moving average is $27.07. Capital Group Municipal Income ETF has a 52-week low of $25.73 and a 52-week high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.0773 dividend. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.93 dividend on an annualized basis and a dividend 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.