Geneos Wealth Management Inc. Sells 41,123 Shares of Capital Group Municipal Income ETF $CGMU

Geneos Wealth Management Inc. decreased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 54.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,813 shares of the company’s stock after selling 41,123 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Capital Group Municipal Income ETF were worth $923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Management Associates Inc acquired a new position in Capital Group Municipal Income ETF during the third quarter worth $546,000. Financial Perspectives Inc boosted its stake in shares of Capital Group Municipal Income ETF by 12.2% during the 3rd quarter. Financial Perspectives Inc now owns 5,621 shares of the company’s stock worth $153,000 after acquiring an additional 613 shares in the last quarter. Royal Harbor Partners LLC increased its holdings in shares of Capital Group Municipal Income ETF by 50.2% during the 3rd quarter. Royal Harbor Partners LLC now owns 424,706 shares of the company’s stock valued at $11,590,000 after acquiring an additional 141,971 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Capital Group Municipal Income ETF by 22.3% in the 3rd quarter. D.A. Davidson & CO. now owns 11,042 shares of the company’s stock valued at $301,000 after acquiring an additional 2,011 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Capital Group Municipal Income ETF by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 2,361,585 shares of the company’s stock worth $64,448,000 after purchasing an additional 69,685 shares during the last quarter.

Capital Group Municipal Income ETF Stock Up 0.1%

Shares of Capital Group Municipal Income ETF stock opened at $27.54 on Friday. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.56. The stock has a 50 day moving average price of $27.40 and a two-hundred day moving average price of $27.13.

Capital Group Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.0872 dividend. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Wednesday, December 24th. This is a boost 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.