Frazier Financial Advisors LLC Sells 668 Shares of Capital Group Municipal Income ETF $CGMU

Frazier Financial Advisors LLC lessened its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,039 shares of the company’s stock after selling 668 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $455,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its position in Capital Group Municipal Income ETF by 8.6% during the first quarter. Envestnet Asset Management Inc. now owns 7,406,932 shares of the company’s stock valued at $198,654,000 after acquiring an additional 586,717 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Capital Group Municipal Income ETF by 40.4% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,663,217 shares of the company’s stock valued at $98,248,000 after acquiring an additional 1,053,284 shares during the last quarter. LPL Financial LLC increased its position in Capital Group Municipal Income ETF by 21.0% during the first quarter. LPL Financial LLC now owns 2,984,823 shares of the company’s stock valued at $80,053,000 after acquiring an additional 517,925 shares during the last quarter. Cetera Investment Advisers increased its position in Capital Group Municipal Income ETF by 11.2% during the first quarter. Cetera Investment Advisers now owns 2,575,859 shares of the company’s stock valued at $69,085,000 after acquiring an additional 259,458 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in Capital Group Municipal Income ETF by 5.6% during the first quarter. Commonwealth Equity Services LLC now owns 2,074,151 shares of the company’s stock valued at $55,629,000 after acquiring an additional 109,549 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.3%

Capital Group Municipal Income ETF stock opened at $27.39 on Tuesday. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.46. The stock has a fifty day moving average of $27.05 and a 200 day moving average of $26.75.

Capital Group Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.0718 dividend. 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. This represents a c) dividend on an annualized basis and a yield of 3.1%.

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.