Capital Group Municipal Income ETF $CGMU Stock Sold by Keeler & Nadler Financial Planning & Wealth Management

Keeler & Nadler Financial Planning & Wealth Management reduced its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 43.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,707 shares of the company’s stock after selling 33,695 shares during the quarter. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Capital Group Municipal Income ETF were worth $1,134,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its position in shares of Capital Group Municipal Income ETF by 672.6% in the 2nd quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after acquiring an additional 908 shares during the period. Pinnacle Bancorp Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 52.3% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 2,826 shares of the company’s stock valued at $73,000 after purchasing an additional 970 shares during the period. Root Financial Partners LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at about $97,000. Capital Asset Advisory Services LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter valued at about $211,000. Finally, MBE Wealth Management LLC acquired a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at about $203,000.

Capital Group Municipal Income ETF Trading Up 0.1%

Capital Group Municipal Income ETF stock opened at $26.72 on Friday. Capital Group Municipal Income ETF has a 52 week low of $25.73 and a 52 week high of $27.93. The stock has a 50-day simple moving average of $26.48 and a 200 day simple moving average of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.0773 per share. 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.