J. Derek Lewis & Associates Inc. Invests $20.50 Million in Capital Group Municipal Income ETF $CGMU

J. Derek Lewis & Associates Inc. bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 748,857 shares of the company’s stock, valued at approximately $20,504,000. Capital Group Municipal Income ETF makes up about 4.8% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 4th largest holding. J. Derek Lewis & Associates Inc. owned about 0.41% of Capital Group Municipal Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the fourth quarter worth about $48,000. CIBC Private Wealth Group LLC purchased a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $58,000. Ameriflex Group Inc. purchased a new stake in Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $120,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.46 on Friday. The stock has a 50 day simple moving average of $27.37 and a 200-day simple moving average of $27.46. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month 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.