Capital Group Private Client Services Inc. Increases Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Capital Group Private Client Services Inc. raised its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 22.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 575,613 shares of the company’s stock after buying an additional 107,429 shares during the quarter. Capital Group Private Client Services Inc. owned about 2.27% of Capital Group Municipal Income ETF worth $15,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. New England Capital Financial Advisors LLC increased its stake in Capital Group Municipal Income ETF by 0.3% in the first quarter. New England Capital Financial Advisors LLC now owns 110,796 shares of the company’s stock worth $2,993,000 after purchasing an additional 375 shares during the period. Concourse Financial Group Securities Inc. lifted its holdings in shares of Capital Group Municipal Income ETF by 4.1% during the first quarter. Concourse Financial Group Securities Inc. now owns 9,520 shares of the company’s stock worth $258,000 after purchasing an additional 376 shares during the period. Johnson Bixby & Associates LLC lifted its holdings in Capital Group Municipal Income ETF by 2.2% in the first quarter. Johnson Bixby & Associates LLC now owns 40,207 shares of the company’s stock valued at $1,086,000 after acquiring an additional 847 shares during the period. Souders Financial Advisors lifted its holdings in Capital Group Municipal Income ETF by 2.7% in the first quarter. Souders Financial Advisors now owns 38,189 shares of the company’s stock valued at $1,031,000 after acquiring an additional 1,000 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $32,000.

Capital Group Municipal Income ETF Stock Down 0.0 %

Shares of CGMU traded down $0.01 during trading hours on Friday, hitting $27.13. 1,484,904 shares of the stock were exchanged, compared to its average volume of 550,339. The stock’s 50-day moving average price is $26.92 and its two-hundred day moving average price is $26.93. Capital Group Municipal Income ETF has a 12-month low of $25.32 and a 12-month high of $27.22.

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.