Private Trust Co. NA Sells 11,965 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Private Trust Co. NA trimmed its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 64.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,542 shares of the company’s stock after selling 11,965 shares during the period. Private Trust Co. NA’s holdings in Capital Group Municipal Income ETF were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CGMU. ORG Partners LLC acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth $25,000. Spire Wealth Management bought a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth $25,000. Transcendent Capital Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $32,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at $35,000. Finally, Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal Income ETF by 268.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock valued at $42,000 after acquiring an additional 1,116 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.26 on Tuesday. Capital Group Municipal Income ETF has a 12 month low of $26.56 and a 12 month high of $27.54. The stock has a 50-day moving average price of $27.02 and a 200 day moving average price of $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a dividend of $0.0626 per share. The ex-dividend date was Friday, January 31st.

Capital Group Municipal Income ETF Company 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.