Vestmark Advisory Solutions Inc. Sells 889,805 Shares of Capital Group Municipal Income ETF $CGMU

Vestmark Advisory Solutions Inc. cut its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 45.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,058,945 shares of the company’s stock after selling 889,805 shares during the quarter. Vestmark Advisory Solutions Inc. owned 0.67% of Capital Group Municipal Income ETF worth $28,899,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CGMU. Smartleaf Asset Management LLC acquired a new position in Capital Group Municipal Income ETF during the third quarter valued at approximately $42,000. Root Financial Partners LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $102,000. Farther Finance Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $125,000. Financial Perspectives Inc lifted its position in shares of Capital Group Municipal Income ETF by 12.2% during the 3rd quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after buying an additional 613 shares during the last quarter. Finally, Next Level Wealth Planning LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth $202,000.

Capital Group Municipal Income ETF Trading Up 0.1%

Capital Group Municipal Income ETF stock opened at $27.85 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.86. The business’s 50-day moving average price is $27.56 and its two-hundred day moving average price is $27.34.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a $0.0675 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.9%.

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.