Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Sold by RFP Financial Group LLC

RFP Financial Group LLC lowered its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 55.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,261 shares of the company’s stock after selling 20,383 shares during the quarter. RFP Financial Group LLC owned 0.06% of Capital Group Municipal Income ETF worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Capital Group Municipal Income ETF by 164,421.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock valued at $30,495,000 after purchasing an additional 1,109,847 shares in the last quarter. Assetmark Inc. purchased a new position in Capital Group Municipal Income ETF in the third quarter valued at approximately $19,822,000. MML Investors Services LLC grew its stake in Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after buying an additional 635,133 shares during the period. Confluence Wealth Services Inc. raised its stake in shares of Capital Group Municipal Income ETF by 1,240.3% in the 4th quarter. Confluence Wealth Services Inc. now owns 624,857 shares of the company’s stock valued at $16,815,000 after acquiring an additional 578,236 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $11,362,000.

Capital Group Municipal Income ETF Trading Down 0.1 %

Shares of NYSEARCA CGMU opened at $27.12 on Friday. The stock has a fifty day moving average price of $27.04 and a 200 day moving average price of $27.19. Capital Group Municipal Income ETF has a 12-month low of $26.56 and a 12-month 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. Shareholders of record on Friday, January 31st were issued a $0.0626 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.