Total Clarity Wealth Management Inc. Sells 21,668 Shares of Capital Group Municipal Income ETF $CGMU

Total Clarity Wealth Management Inc. decreased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 13.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,160 shares of the company’s stock after selling 21,668 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $3,480,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock valued at $376,376,000 after buying an additional 859,323 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after acquiring an additional 720,377 shares in the last quarter. Bank of America Corp DE lifted its stake in Capital Group Municipal Income ETF by 119.9% during the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after acquiring an additional 924,704 shares in the last quarter. Blue Chip Partners LLC boosted its holdings in Capital Group Municipal Income ETF by 1.1% during the 1st quarter. Blue Chip Partners LLC now owns 1,653,001 shares of the company’s stock worth $44,879,000 after acquiring an additional 17,316 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock worth $36,721,000 after acquiring an additional 199,108 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $26.72 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $25.73 and a 1 year high of $27.93. The company has a fifty day moving average price of $26.50 and a 200-day moving average price of $27.19.

Capital Group Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0773 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Municipal Income ETF’s previous monthly dividend of $0.0702. This represents a $0.93 dividend on an annualized basis and a dividend yield of 3.5%.

Capital Group Municipal Income ETF Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Capital Group Municipal Income ETF (NYSEARCA:CGMU)

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