AdvisorNet Financial Inc raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 411.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,230 shares of the company’s stock after purchasing an additional 8,230 shares during the quarter. AdvisorNet Financial Inc owned approximately 0.13% of Capital Group Municipal Income ETF worth $277,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of CGMU. Cetera Investment Advisers bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $2,259,000. Money Concepts Capital Corp bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $26,000. Harbour Investments Inc. bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at $140,000. UBS Group AG raised its position in Capital Group Municipal Income ETF by 2,351.0% in the 1st quarter. UBS Group AG now owns 2,500 shares of the company’s stock valued at $67,000 after purchasing an additional 2,398 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Capital Group Municipal Income ETF by 29.2% in the 1st quarter. MML Investors Services LLC now owns 53,065 shares of the company’s stock valued at $1,416,000 after purchasing an additional 11,996 shares during the last quarter.
Capital Group Municipal Income ETF Trading Down 0.2 %
Shares of CGMU opened at $26.85 on Wednesday. Capital Group Municipal Income ETF has a 52-week low of $25.32 and a 52-week high of $27.22. The stock has a fifty day moving average price of $27.02 and a two-hundred day moving average price of $26.56.
Capital Group Municipal Income ETF 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.
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