January Capital Advisors LLC Acquires New Shares in Capital Group Municipal Income ETF $CGMU

January Capital Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 28,143 shares of the company’s stock, valued at approximately $764,000. Capital Group Municipal Income ETF comprises 1.0% of January Capital Advisors LLC’s investment portfolio, making the stock its 22nd largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of CGMU. Core Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter worth about $58,000. Flagship Harbor Advisors LLC bought a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $78,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at about $120,000. Finally, Signaturefd LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at about $125,000.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of CGMU stock opened at $27.12 on Friday. The company has a 50 day moving average price of $27.36 and a 200-day moving average price of $27.45. Capital Group Municipal Income ETF has a 52 week low of $26.59 and a 52 week high of $27.93.

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.