Simplicity Wealth LLC purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 74,481 shares of the company’s stock, valued at approximately $1,998,000.
Other institutional investors have also recently made changes to their positions in the company. Concourse Financial Group Securities Inc. raised its position in Capital Group Municipal Income ETF by 1.0% in the fourth quarter. Concourse Financial Group Securities Inc. now owns 37,730 shares of the company’s stock valued at $1,015,000 after purchasing an additional 374 shares during the period. Freedom Investment Management Inc. raised its position in Capital Group Municipal Income ETF by 3.7% in the fourth quarter. Freedom Investment Management Inc. now owns 10,727 shares of the company’s stock valued at $289,000 after purchasing an additional 382 shares during the period. Wintrust Investments LLC raised its position in Capital Group Municipal Income ETF by 13.6% in the fourth quarter. Wintrust Investments LLC now owns 3,559 shares of the company’s stock valued at $95,000 after purchasing an additional 427 shares during the period. Atria Investments Inc raised its position in Capital Group Municipal Income ETF by 0.6% in the fourth quarter. Atria Investments Inc now owns 111,863 shares of the company’s stock valued at $3,011,000 after purchasing an additional 627 shares during the period. Finally, Cerity Partners LLC raised its position in Capital Group Municipal Income ETF by 1.1% in the fourth quarter. Cerity Partners LLC now owns 59,355 shares of the company’s stock valued at $1,598,000 after purchasing an additional 642 shares during the period.
Capital Group Municipal Income ETF Price Performance
Shares of NYSEARCA CGMU opened at $26.57 on Wednesday. Capital Group Municipal Income ETF has a 52-week low of $25.83 and a 52-week high of $27.54. The business’s 50 day moving average is $26.51 and its two-hundred day moving average is $26.87.
Capital Group Municipal Income ETF Increases Dividend
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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