Sovran Advisors LLC Purchases 10,663 Shares of Capital Group Municipal Income ETF $CGMU

Sovran Advisors LLC increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 31.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,990 shares of the company’s stock after purchasing an additional 10,663 shares during the period. Sovran Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Thrive Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 75.2% during the second quarter. Thrive Wealth Management LLC now owns 66,336 shares of the company’s stock valued at $1,771,000 after purchasing an additional 28,482 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Capital Group Municipal Income ETF by 81.8% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,395 shares of the company’s stock valued at $117,000 after purchasing an additional 1,977 shares during the period. HBW Advisory Services LLC grew its position in Capital Group Municipal Income ETF by 55.2% in the second quarter. HBW Advisory Services LLC now owns 13,192 shares of the company’s stock valued at $352,000 after acquiring an additional 4,690 shares during the period. Modern Wealth Management LLC grew its position in Capital Group Municipal Income ETF by 179.2% in the first quarter. Modern Wealth Management LLC now owns 26,230 shares of the company’s stock valued at $703,000 after acquiring an additional 16,836 shares during the period. Finally, Intrua Financial LLC bought a new stake in Capital Group Municipal Income ETF in the first quarter valued at $246,000.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA:CGMU opened at $27.37 on Friday. The business’s fifty day moving average price is $26.84 and its two-hundred day moving average price is $26.72. Capital Group Municipal Income ETF has a fifty-two week low of $25.83 and a fifty-two week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 29th were given a $0.0674 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, August 29th.

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.