Thrive Wealth Management LLC Has $984,000 Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Thrive Wealth Management LLC cut its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 22.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,550 shares of the company’s stock after selling 10,763 shares during the quarter. Thrive Wealth Management LLC owned approximately 0.14% of Capital Group Municipal Income ETF worth $984,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CGMU. Envestnet Asset Management Inc. lifted its holdings in Capital Group Municipal Income ETF by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 707,944 shares of the company’s stock worth $19,008,000 after purchasing an additional 18,757 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Capital Group Municipal Income ETF by 25.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 111,619 shares of the company’s stock valued at $2,997,000 after acquiring an additional 22,430 shares during the period. EverSource Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the second quarter worth about $119,000. Insigneo Advisory Services LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 2nd quarter worth approximately $533,000. Finally, Smith Thornton Advisors LLC bought a new position in Capital Group Municipal Income ETF in the second quarter valued at approximately $750,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA CGMU opened at $26.93 on Monday. The business has a fifty day moving average price of $27.08 and a two-hundred day moving average price of $27.20. 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 Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were given a dividend of $0.0674 per share. This is an increase from Capital Group Municipal Income ETF’s previous dividend of $0.07. The ex-dividend date was Friday, November 29th.

About Capital Group Municipal Income ETF

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.