Frazier Financial Advisors LLC Sells 1,844 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Frazier Financial Advisors LLC trimmed its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,845 shares of the company’s stock after selling 1,844 shares during the quarter. Capital Group Municipal Income ETF accounts for about 0.4% of Frazier Financial Advisors LLC’s portfolio, making the stock its 27th largest position. Frazier Financial Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $507,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $25,000. Spire Wealth Management acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter worth about $25,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $35,000. Rosenberg Matthew Hamilton purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth $56,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Capital Group Municipal Income ETF by 56.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 2,394 shares of the company’s stock valued at $64,000 after acquiring an additional 863 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of CGMU opened at $26.75 on Friday. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54. The stock has a fifty day simple moving average of $27.07 and a two-hundred day simple moving average of $27.15.

Capital Group Municipal Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given 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.