Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Acquired by Robinson Smith Wealth Advisors LLC

Robinson Smith Wealth Advisors LLC increased its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 24.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 199,048 shares of the company’s stock after acquiring an additional 38,829 shares during the quarter. Capital Group Municipal Income ETF makes up 4.5% of Robinson Smith Wealth Advisors LLC’s portfolio, making the stock its 4th biggest holding. Robinson Smith Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $5,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wintrust Investments LLC boosted its stake in Capital Group Municipal Income ETF by 13.6% during the fourth quarter. Wintrust Investments LLC now owns 3,559 shares of the company’s stock worth $95,000 after buying an additional 427 shares during the period. CGN Advisors LLC boosted its stake in Capital Group Municipal Income ETF by 5.0% during the fourth quarter. CGN Advisors LLC now owns 9,135 shares of the company’s stock worth $246,000 after buying an additional 434 shares during the period. Atria Investments Inc boosted its stake in Capital Group Municipal Income ETF by 0.6% during the fourth quarter. Atria Investments Inc now owns 111,863 shares of the company’s stock worth $3,011,000 after buying an additional 627 shares during the period. Sigma Planning Corp boosted its stake in Capital Group Municipal Income ETF by 5.5% during the fourth quarter. Sigma Planning Corp now owns 12,676 shares of the company’s stock worth $341,000 after buying an additional 658 shares during the period. Finally, Intergy Private Wealth LLC boosted its stake in Capital Group Municipal Income ETF by 2.0% during the fourth quarter. Intergy Private Wealth LLC now owns 37,994 shares of the company’s stock worth $1,023,000 after buying an additional 751 shares during the period.

Capital Group Municipal Income ETF Stock Down 0.1 %

Shares of CGMU stock opened at $26.97 on Friday. The company has a 50-day moving average of $27.06 and a two-hundred day moving average of $27.17. Capital Group Municipal Income ETF has a 1-year low of $26.56 and a 1-year high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently disclosed 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 of this dividend 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.