Elequin Capital LP Sells 42,126 Shares of Capital Group Municipal Income ETF $CGMU

Elequin Capital LP lessened its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 85.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,908 shares of the company’s stock after selling 42,126 shares during the period. Elequin Capital LP’s holdings in Capital Group Municipal Income ETF were worth $189,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CGMU. Capital International Investors increased its holdings in Capital Group Municipal Income ETF by 14.8% in the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after acquiring an additional 5,890,074 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Capital Group Municipal Income ETF by 18.7% during the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after purchasing an additional 1,573,897 shares during the last quarter. Blue Chip Partners LLC boosted its position in Capital Group Municipal Income ETF by 2,093.0% during the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after purchasing an additional 1,448,696 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Municipal Income ETF by 35.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock worth $132,851,000 after purchasing an additional 1,314,330 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Capital Group Municipal Income ETF by 36.5% in the second quarter. Osaic Holdings Inc. now owns 2,033,631 shares of the company’s stock worth $54,300,000 after purchasing an additional 543,338 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.52 on Friday. The company’s 50 day moving average is $27.66 and its 200-day moving average is $27.44. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.93.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0827 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 3.6%. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

Capital Group Municipal Income ETF 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.