Capital Group Municipal Income ETF $CGMU Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC decreased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 283,092 shares of the company’s stock after selling 34,829 shares during the quarter. Jacobi Capital Management LLC’s holdings in Capital Group Municipal Income ETF were worth $7,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LongView Wealth Management lifted 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 valued at $3,548,000 after buying an additional 464 shares in the last quarter. Ascent Group LLC increased its holdings in Capital Group Municipal Income ETF by 1.8% in the 3rd quarter. Ascent Group LLC now owns 33,159 shares of the company’s stock worth $860,000 after acquiring an additional 600 shares in the last quarter. McGlone Suttner Wealth Management Inc. increased its holdings in Capital Group Municipal Income ETF by 0.8% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 81,614 shares of the company’s stock worth $2,117,000 after acquiring an additional 610 shares in the last quarter. Frazier Financial Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 3.9% in the 1st quarter. Frazier Financial Advisors LLC now owns 16,215 shares of the company’s stock worth $440,000 after acquiring an additional 614 shares in the last quarter. Finally, Trinity Wealth Management LLC raised its stake in Capital Group Municipal Income ETF by 0.5% during the 2nd quarter. Trinity Wealth Management LLC now owns 143,162 shares of the company’s stock worth $3,933,000 after acquiring an additional 721 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $26.96 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $25.73 and a 12 month high of $27.93. The company’s 50 day moving average is $26.45 and its two-hundred day moving average is $27.15.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0763 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.4%. This is a drop from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0773. The ex-dividend date of this dividend was Friday, October 30th.

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.