Private Advisor Group LLC lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 7.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 908,634 shares of the company’s stock after acquiring an additional 66,807 shares during the period. Private Advisor Group LLC owned approximately 0.43% of Capital Group Municipal Income ETF worth $24,669,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Assetmark Inc. boosted 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 during the period. Confluence Wealth Services Inc. grew its position in shares of Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock valued at $30,610,000 after purchasing an additional 371,573 shares in the last quarter. RMR Wealth Builders bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth $9,251,000. Legacy Private Trust Co. purchased a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth $2,484,000. Finally, McNamara Financial Services Inc. bought a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at $7,041,000.
Capital Group Municipal Income ETF Stock Performance
Capital Group Municipal Income ETF stock opened at $27.49 on Friday. Capital Group Municipal Income ETF has a 52 week low of $26.58 and a 52 week high of $27.93. The business has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $27.47.
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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