Simplicity Wealth LLC Sells 63,306 Shares of Capital Group Municipal Income ETF $CGMU

Simplicity Wealth LLC reduced its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 47.5% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 69,830 shares of the company’s stock after selling 63,306 shares during the quarter. Simplicity Wealth LLC’s holdings in Capital Group Municipal Income ETF were worth $1,906,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Jane Street Group LLC grew its stake 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 valued at $6,117,000 after acquiring an additional 43,538 shares during the period. Avaii Wealth Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the 2nd quarter valued at approximately $210,000. Tempus Wealth Planning LLC increased its stake in Capital Group Municipal Income ETF by 9.6% during the 2nd quarter. Tempus Wealth Planning LLC now owns 97,981 shares of the company’s stock worth $2,615,000 after purchasing an additional 8,603 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Capital Group Municipal Income ETF by 12.0% during 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. Finally, Truist Financial Corp raised its holdings in 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 worth $10,364,000 after buying an additional 56,794 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.0%

Shares of CGMU opened at $27.55 on Friday. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.61. The firm’s 50 day moving average price is $27.43 and its two-hundred day moving average price is $27.19.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.0872 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 24th. This is a boost from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.