Landmark Wealth Management LLC Sells 15,197 Shares of Capital Group Municipal Income ETF $CGMU

Landmark Wealth Management LLC lessened its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 13.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,745 shares of the company’s stock after selling 15,197 shares during the period. Capital Group Municipal Income ETF comprises about 1.1% of Landmark Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. Landmark Wealth Management LLC owned 0.08% of Capital Group Municipal Income ETF worth $2,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGMU. Financial Perspectives Inc bought a new position in Capital Group Municipal Income ETF during the first quarter worth about $33,000. GPS Wealth Strategies Group LLC bought a new position in shares of Capital Group Municipal Income ETF during the 1st quarter worth approximately $39,000. Opal Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF during the 1st quarter worth approximately $46,000. Pinnacle Bancorp Inc. boosted its position in Capital Group Municipal Income ETF by 49.1% during the second quarter. Pinnacle Bancorp Inc. now owns 1,962 shares of the company’s stock worth $52,000 after purchasing an additional 646 shares during the period. Finally, Golden State Wealth Management LLC boosted its position in Capital Group Municipal Income ETF by 37.5% during the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock worth $91,000 after purchasing an additional 925 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.0%

CGMU stock opened at $27.31 on Friday. The company has a fifty day moving average price of $27.03 and a two-hundred day moving average price of $26.75. Capital Group Municipal Income ETF has a one year low of $25.83 and a one year high of $27.46.

Capital Group Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a dividend of $0.0718 per share. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, September 29th. This is a positive change 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.