Johnson Bixby & Associates LLC Sells 2,461 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Johnson Bixby & Associates LLC cut its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report) by 15.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,304 shares of the company’s stock after selling 2,461 shares during the period. Johnson Bixby & Associates LLC’s holdings in Capital Group Municipal Income ETF were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its position in Capital Group Municipal Income ETF by 164,421.8% during the third quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after buying an additional 1,109,847 shares in the last quarter. Assetmark Inc. acquired a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $19,822,000. MML Investors Services LLC lifted its position in shares of Capital Group Municipal Income ETF by 111.7% in the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after acquiring an additional 635,133 shares during the period. Orion Portfolio Solutions LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $11,362,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Capital Group Municipal Income ETF by 2,160.9% during the third quarter. Janney Montgomery Scott LLC now owns 424,593 shares of the company’s stock valued at $11,659,000 after purchasing an additional 405,813 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $26.91 on Friday. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54. The business has a fifty day simple moving average of $27.07 and a 200 day simple moving average of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is a positive change from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date of this dividend was Friday, November 29th.

About Capital Group Municipal Income ETF

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMUFree Report).

Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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