Truist Financial Corp Raises Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Truist Financial Corp increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298,553 shares of the company’s stock after acquiring an additional 16,603 shares during the period. Truist Financial Corp owned approximately 1.18% of Capital Group Municipal Income ETF worth $8,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Capital Group Municipal Income ETF by 19.9% during the 3rd quarter. Raymond James & Associates now owns 148,174 shares of the company’s stock valued at $4,069,000 after buying an additional 24,598 shares during the last quarter. CWM LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $97,000. Nations Financial Group Inc. IA ADV raised its stake in shares of Capital Group Municipal Income ETF by 65.1% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 13,700 shares of the company’s stock valued at $376,000 after buying an additional 5,400 shares during the last quarter. Souders Financial Advisors raised its stake in shares of Capital Group Municipal Income ETF by 7.1% during the 3rd quarter. Souders Financial Advisors now owns 47,680 shares of the company’s stock valued at $1,309,000 after buying an additional 3,165 shares during the last quarter. Finally, Brighton Jones LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $296,000.

Capital Group Municipal Income ETF Trading Up 0.1 %

NYSEARCA CGMU opened at $27.18 on Friday. The stock has a 50-day simple moving average of $26.99 and a two-hundred day simple moving average of $27.19. Capital Group Municipal Income ETF has a fifty-two week low of $26.56 and a fifty-two week high of $27.54.

Capital Group Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a dividend of $0.0626 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.