Rockefeller Capital Management L.P. grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 125.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 263,179 shares of the company’s stock after buying an additional 146,440 shares during the period. Rockefeller Capital Management L.P.’s holdings in Capital Group Municipal Income ETF were worth $7,206,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in CGMU. Core Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $58,000. Ameriflex Group Inc. purchased a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at about $67,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at about $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at about $120,000.
Capital Group Municipal Income ETF Stock Performance
Shares of NYSEARCA:CGMU opened at $27.49 on Friday. Capital Group Municipal Income ETF has a 52-week low of $26.58 and a 52-week high of $27.93. The business has a 50-day moving average price of $27.38 and a 200-day moving average price of $27.46.
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.
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