Beto Financial Group LLC Invests $7.47 Million in Capital Group Municipal Income ETF $CGMU

Beto Financial Group LLC bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 270,680 shares of the company’s stock, valued at approximately $7,471,000. Capital Group Municipal Income ETF accounts for about 5.1% of Beto Financial Group LLC’s holdings, making the stock its 4th largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in CGMU. Smartleaf Asset Management LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at about $42,000. Core Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at about $58,000. Ameriflex Group Inc. acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at about $78,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU opened at $27.39 on Tuesday. Capital Group Municipal Income ETF has a 52 week low of $26.48 and a 52 week high of $27.93. The company has a 50-day moving average price of $27.32 and a 200 day moving average price of $27.46.

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.