41,940 Shares in Capital Group Municipal Income ETF $CGMU Acquired by Tribridge Partners Financial LLC

Tribridge Partners Financial LLC acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,940 shares of the company’s stock, valued at approximately $1,119,000. Capital Group Municipal Income ETF makes up 0.7% of Tribridge Partners Financial LLC’s investment portfolio, making the stock its 17th largest position.

Other large investors also recently bought and sold shares of the company. Blue Chip Partners LLC increased its position in shares of Capital Group Municipal Income ETF by 2,093.0% in the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after buying an additional 1,448,696 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Capital Group Municipal Income ETF by 35.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,977,547 shares of the company’s stock valued at $132,851,000 after acquiring an additional 1,314,330 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Capital Group Municipal Income ETF by 111.4% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 1,948,750 shares of the company’s stock valued at $52,012,000 after acquiring an additional 1,027,021 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Capital Group Municipal Income ETF by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 8,424,405 shares of the company’s stock worth $224,847,000 after acquiring an additional 1,017,473 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Capital Group Municipal Income ETF by 14.7% in the second quarter. Cetera Investment Advisers now owns 2,954,080 shares of the company’s stock valued at $78,844,000 after purchasing an additional 378,221 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.0%

CGMU stock opened at $27.35 on Friday. The company’s 50 day simple moving average is $27.39 and its 200-day simple moving average is $27.02. Capital Group Municipal Income ETF has a 12 month low of $25.83 and a 12 month high of $27.56.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were issued a dividend of $0.0689 per share. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, November 28th.

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.