69,294 Shares in Capital Group Municipal Income ETF (NYSEARCA:CGMU) Purchased by Raymond James & Associates

Raymond James & Associates acquired a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 69,294 shares of the company’s stock, valued at approximately $1,876,000. Raymond James & Associates owned approximately 0.91% of Capital Group Municipal Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 1.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 38,568 shares of the company’s stock worth $1,021,000 after buying an additional 404 shares in the last quarter. Money Concepts Capital Corp bought a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $26,000. Concourse Financial Group Securities Inc. grew its stake in Capital Group Municipal Income ETF by 43.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock valued at $167,000 after purchasing an additional 1,970 shares in the last quarter. AdvisorNet Financial Inc bought a new position in Capital Group Municipal Income ETF in the third quarter valued at approximately $51,000. Finally, UBS Group AG grew its stake in Capital Group Municipal Income ETF by 2,351.0% in the first 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 in the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock opened at $26.77 on Thursday. The business has a 50 day moving average price of $26.97 and a two-hundred day moving average price of $26.62. Capital Group Municipal Income ETF has a twelve month low of $25.32 and a twelve month 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.