NewEdge Advisors LLC Has $6.09 Million Holdings in Capital Group Municipal Income ETF $CGMU

NewEdge Advisors LLC raised its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 24.6% during the first quarter, HoldingsChannel.com reports. The fund owned 224,262 shares of the company’s stock after purchasing an additional 44,220 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $6,089,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Core Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF during the third quarter worth approximately $58,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000. Advisory Services Network LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at $129,000. Finally, Quadrant Capital Group LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $166,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.13 on Tuesday. The company’s fifty day simple moving average is $27.33 and its 200 day simple moving average is $27.43. Capital Group Municipal Income ETF has a 12-month low of $26.72 and a 12-month high of $27.93.

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.