LPL Financial LLC Acquires 1,479,528 Shares of Capital Group Municipal Income ETF $CGMU

LPL Financial LLC lifted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 28.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,756,622 shares of the company’s stock after purchasing an additional 1,479,528 shares during the period. LPL Financial LLC’s holdings in Capital Group Municipal Income ETF were worth $184,996,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGMU. Smartleaf Asset Management LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $42,000. Core Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $58,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in Capital Group Municipal Income ETF in the fourth quarter worth $78,000.

Capital Group Municipal Income ETF Stock Performance

CGMU opened at $27.40 on Wednesday. The stock has a fifty day simple moving average of $27.34 and a two-hundred day simple moving average of $27.46. Capital Group Municipal Income ETF has a 12-month low of $26.54 and a 12-month high of $27.93.

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.