Koshinski Asset Management Inc. raised its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 31.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,191 shares of the company’s stock after buying an additional 3,379 shares during the quarter. Koshinski Asset Management Inc. owned 0.19% of Capital Group Municipal Income ETF worth $384,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the company. Great Valley Advisor Group Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at about $14,783,000. Venturi Wealth Management LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth approximately $14,714,000. UBS Group AG increased its holdings in Capital Group Municipal Income ETF by 132.1% in the third quarter. UBS Group AG now owns 435,588 shares of the company’s stock worth $11,195,000 after buying an additional 247,939 shares during the last quarter. WNY Asset Management LLC acquired a new position in Capital Group Municipal Income ETF in the third quarter worth approximately $3,037,000. Finally, LPL Financial LLC increased its holdings in Capital Group Municipal Income ETF by 116.0% in the third quarter. LPL Financial LLC now owns 202,902 shares of the company’s stock worth $5,215,000 after buying an additional 108,953 shares during the last quarter.
Capital Group Municipal Income ETF Stock Performance
NYSEARCA:CGMU opened at $26.75 on Tuesday. The stock’s 50 day moving average price is $26.98 and its 200 day moving average price is $26.61. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.22.
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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