Landmark Wealth Management LLC Sells 15,197 Shares of Capital Group Municipal Income ETF $CGMU

Landmark Wealth Management LLC cut its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 13.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 98,745 shares of the company’s stock after selling 15,197 shares during the period. Capital Group Municipal Income ETF comprises about 1.1% of Landmark Wealth Management LLC’s portfolio, making the stock its 23rd biggest holding. Landmark Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc bought a new stake in shares of Capital Group Municipal Income ETF in the first quarter valued at about $33,000. GPS Wealth Strategies Group LLC bought a new stake in Capital Group Municipal Income ETF in the 1st quarter valued at about $39,000. Opal Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the 1st quarter valued at about $46,000. Pinnacle Bancorp Inc. boosted its holdings in Capital Group Municipal Income ETF by 49.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock valued at $52,000 after purchasing an additional 646 shares during the period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF by 37.5% in the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after buying an additional 925 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.0%

Shares of CGMU stock opened at $27.31 on Friday. The stock has a 50 day simple moving average of $27.03 and a 200 day simple moving average of $26.75. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.0718 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, September 29th. This is a positive change from Capital Group Municipal Income ETF’s previous monthly dividend of $0.07.

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.