January Capital Advisors LLC Invests $764,000 in Capital Group Municipal Income ETF $CGMU

January Capital Advisors LLC purchased a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 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 holdings, making the stock its 22nd largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Wealth Management LLC raised its stake in Capital Group Municipal Income ETF by 91.3% during the first quarter. Western Wealth Management LLC now owns 59,505 shares of the company’s stock valued at $1,616,000 after buying an additional 28,404 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after acquiring an additional 924,704 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 69.7% during the first quarter. Centaurus Financial Inc. now owns 22,394 shares of the company’s stock valued at $608,000 after acquiring an additional 9,194 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Capital Group Municipal Income ETF by 3.2% during the first quarter. Arkadios Wealth Advisors now owns 72,826 shares of the company’s stock valued at $1,977,000 after acquiring an additional 2,284 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of Capital Group Municipal Income ETF by 17.3% during the first quarter. Royal Bank of Canada now owns 1,352,529 shares of the company’s stock valued at $36,721,000 after acquiring an additional 199,108 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1%

Shares of Capital Group Municipal Income ETF stock opened at $27.12 on Friday. The firm’s 50-day moving average is $27.36 and its 200 day moving average is $27.45. Capital Group Municipal Income ETF has a 1 year low of $26.59 and a 1 year 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.