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

RFP Financial Group LLC trimmed its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 55.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,261 shares of the company’s stock after selling 20,383 shares during the quarter. RFP Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $438,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CGMU. Commonwealth Equity Services LLC raised its position in shares of Capital Group Municipal Income ETF by 2.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock worth $49,261,000 after purchasing an additional 50,942 shares during the period. MML Investors Services LLC boosted 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 valued at $33,061,000 after purchasing an additional 635,133 shares during the period. JPMorgan Chase & Co. increased its stake in 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 worth $30,495,000 after purchasing an additional 1,109,847 shares in the last quarter. Stifel Financial Corp raised its holdings in Capital Group Municipal Income ETF by 9.4% during the 3rd quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock worth $26,656,000 after buying an additional 83,194 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its stake in Capital Group Municipal Income ETF by 19.1% during the third quarter. Great Valley Advisor Group Inc. now owns 905,293 shares of the company’s stock valued at $24,860,000 after buying an additional 145,439 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1 %

Shares of CGMU opened at $27.12 on Friday. The company has a 50-day moving average of $27.04 and a two-hundred day moving average of $27.19. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently disclosed 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 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.