Madison Wealth Partners Inc Sells 1,180 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Madison Wealth Partners Inc trimmed its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 33,526 shares of the company’s stock after selling 1,180 shares during the quarter. Madison Wealth Partners Inc’s holdings in Capital Group Municipal Income ETF were worth $903,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Wintrust Investments LLC boosted its position in Capital Group Municipal Income ETF by 13.6% in the 4th quarter. Wintrust Investments LLC now owns 3,559 shares of the company’s stock valued at $95,000 after buying an additional 427 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Capital Group Municipal Income ETF by 58.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 58,667 shares of the company’s stock valued at $1,579,000 after buying an additional 21,530 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Capital Group Municipal Income ETF by 19.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 28,033 shares of the company’s stock valued at $755,000 after buying an additional 4,508 shares during the last quarter. HighTower Advisors LLC boosted its position in Capital Group Municipal Income ETF by 86.7% in the 4th quarter. HighTower Advisors LLC now owns 15,720 shares of the company’s stock valued at $423,000 after buying an additional 7,301 shares during the last quarter. Finally, Inspire Advisors LLC boosted its position in Capital Group Municipal Income ETF by 4.6% in the 4th quarter. Inspire Advisors LLC now owns 78,859 shares of the company’s stock valued at $2,123,000 after buying an additional 3,470 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.02 on Thursday. The business’s fifty day moving average is $27.06 and its 200-day moving average is $27.18. Capital Group Municipal Income ETF has a twelve month low of $26.56 and a twelve month high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were paid a $0.0626 dividend. 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.