Avidian Wealth Enterprises LLC Decreases Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Avidian Wealth Enterprises LLC trimmed its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 10.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,632 shares of the company’s stock after selling 3,064 shares during the period. Avidian Wealth Enterprises LLC owned approximately 0.11% of Capital Group Municipal Income ETF worth $744,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CGMU. Raymond James & Associates raised its position in Capital Group Municipal Income ETF by 19.9% in the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock worth $4,069,000 after purchasing an additional 24,598 shares during the period. CWM LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $97,000. Nations Financial Group Inc. IA ADV raised its holdings in shares of Capital Group Municipal Income ETF by 65.1% in the third quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock worth $376,000 after buying an additional 5,400 shares during the period. Good Life Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $200,000. Finally, Souders Financial Advisors boosted its holdings in Capital Group Municipal Income ETF by 7.1% during the 3rd quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock valued at $1,309,000 after acquiring an additional 3,165 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.3 %

Shares of Capital Group Municipal Income ETF stock opened at $27.03 on Thursday. The stock’s fifty day moving average is $27.03 and its two-hundred day moving average is $27.19. Capital Group Municipal Income ETF has a 52 week low of $26.56 and a 52 week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.