Sovran Advisors LLC Takes Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Sovran Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,053 shares of the company’s stock, valued at approximately $751,000.

A number of other hedge funds also recently modified their holdings of CGMU. Commonwealth Equity Services LLC lifted its stake in 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 last quarter. MML Investors Services LLC raised its holdings in shares of Capital Group Municipal Income ETF by 111.7% during the 3rd quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock worth $33,061,000 after buying an additional 635,133 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Capital Group Municipal Income ETF by 164,421.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,110,522 shares of the company’s stock worth $30,495,000 after buying an additional 1,109,847 shares in the last quarter. Stifel Financial Corp lifted its position in shares of 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 last quarter. Finally, Great Valley Advisor Group Inc. boosted its stake in Capital Group Municipal Income ETF by 19.1% in 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 Price Performance

Shares of NYSEARCA CGMU opened at $27.12 on Wednesday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The stock has a 50-day moving average price of $27.03 and a two-hundred day moving average price of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0626 per share. The ex-dividend date was Friday, January 31st.

About Capital Group Municipal Income ETF

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.