Bare Financial Services Inc Has $101,000 Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Bare Financial Services Inc decreased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 92.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,762 shares of the company’s stock after selling 49,578 shares during the period. Bare Financial Services Inc’s holdings in Capital Group Municipal Income ETF were worth $101,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at about $25,000. Spire Wealth Management bought a new stake in Capital Group Municipal Income ETF in the fourth quarter worth approximately $25,000. Pinnacle Bancorp Inc. acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth $35,000. Rosenberg Matthew Hamilton bought a new position in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $56,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at $66,000.

Capital Group Municipal Income ETF Trading Down 0.4 %

Shares of NYSEARCA:CGMU opened at $27.10 on Wednesday. Capital Group Municipal Income ETF has a 1 year low of $26.56 and a 1 year high of $27.54. The firm has a fifty day moving average price of $27.06 and a 200 day moving average price of $27.18.

Capital Group Municipal Income ETF Cuts Dividend

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