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

Private Trust Co. NA trimmed its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 64.7% in the fourth quarter, Holdings Channel reports. The firm owned 6,542 shares of the company’s stock after selling 11,965 shares during the quarter. Private Trust Co. NA’s holdings in Capital Group Municipal Income ETF were worth $176,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $25,000. Spire Wealth Management bought a new stake in Capital Group Municipal Income ETF during the fourth quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at $32,000. Pinnacle Bancorp Inc. bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $35,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Municipal Income ETF by 268.9% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,531 shares of the company’s stock worth $42,000 after purchasing an additional 1,116 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.26 on Tuesday. Capital Group Municipal Income ETF has a 52-week low of $26.56 and a 52-week high of $27.54. The firm’s 50-day moving average is $27.02 and its 200-day moving average is $27.19.

Capital Group Municipal Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.0626 dividend. 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.