Western Wealth Management LLC grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 91.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,505 shares of the company’s stock after buying an additional 28,404 shares during the quarter. Western Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $1,616,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Core Wealth Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at about $58,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $78,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $120,000. Finally, Signaturefd LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $125,000.
Capital Group Municipal Income ETF Price Performance
NYSEARCA:CGMU opened at $27.00 on Friday. The firm has a 50 day simple moving average of $27.35 and a 200-day simple moving average of $27.45. Capital Group Municipal Income ETF has a 1-year low of $26.59 and a 1-year 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.
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