Thrive Wealth Management LLC Sells 10,763 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Thrive Wealth Management LLC cut its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,550 shares of the company’s stock after selling 10,763 shares during the period. Thrive Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its stake in shares of Capital Group Municipal Income ETF by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,793,930 shares of the company’s stock valued at $49,261,000 after purchasing an additional 50,942 shares during the last quarter. MML Investors Services LLC boosted its position in Capital Group Municipal Income ETF by 111.7% during the third quarter. MML Investors Services LLC now owns 1,203,968 shares of the company’s stock valued at $33,061,000 after acquiring an additional 635,133 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 1,109,847 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Capital Group Municipal Income ETF by 42.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 988,013 shares of the company’s stock worth $26,528,000 after acquiring an additional 294,477 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of Capital Group Municipal Income ETF by 9.4% in the 3rd quarter. Stifel Financial Corp now owns 970,719 shares of the company’s stock valued at $26,656,000 after purchasing an additional 83,194 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $26.93 on Monday. The stock’s 50-day moving average is $27.08 and its 200 day moving average is $27.20. Capital Group Municipal Income ETF has a one year low of $26.56 and a one year high of $27.54.

Capital Group Municipal Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were given a dividend of $0.0674 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

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.