WNY Asset Management LLC acquired a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the 1st quarter, HoldingsChannel reports. The fund acquired 106,638 shares of the company’s stock, valued at approximately $2,895,000.
Other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its position in shares of Capital Group Municipal Income ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after acquiring an additional 125,592 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of Capital Group Municipal Income ETF by 49.8% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after purchasing an additional 371,573 shares in the last quarter. RMR Wealth Builders purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $9,251,000. McNamara Financial Services Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $7,041,000. Finally, Boulder Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $9,452,000.
Capital Group Municipal Income ETF Stock Performance
Shares of CGMU stock opened at $27.00 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.59 and a fifty-two week high of $27.93. The stock’s fifty day moving average is $27.35 and its two-hundred day moving average is $27.45.
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.
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Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report).
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