Independent Financial Group LLC Purchases Shares of 19,397 Capital Group Municipal Income ETF $CGMU

Independent Financial Group LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the first quarter, according to its most recent filing with the SEC. The firm purchased 19,397 shares of the company’s stock, valued at approximately $527,000.

Several other hedge funds have also recently made changes to their positions in CGMU. Atlas Private Wealth Advisors boosted its position in shares of Capital Group Municipal Income ETF by 1.2% during the 4th quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock valued at $959,000 after purchasing an additional 402 shares in the last quarter. Cerity Partners LLC increased its holdings in Capital Group Municipal Income ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares in the last quarter. Florida Financial Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 4.0% in the fourth quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock worth $346,000 after purchasing an additional 485 shares in the last quarter. Transcendent Capital Group LLC lifted its stake in Capital Group Municipal Income ETF by 2.5% in the fourth quarter. Transcendent Capital Group LLC now owns 20,430 shares of the company’s stock valued at $559,000 after buying an additional 492 shares during the period. Finally, Meridian Wealth Management LLC lifted its stake in Capital Group Municipal Income ETF by 1.9% in the fourth quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock valued at $771,000 after buying an additional 512 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.03 on Friday. Capital Group Municipal Income ETF has a 52-week low of $26.59 and a 52-week high of $27.93. The stock’s 50 day moving average price is $27.37 and its two-hundred day moving average price is $27.46.

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.