Capital Group Municipal Income ETF $CGMU Position Boosted by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 285.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,736 shares of the company’s stock after purchasing an additional 111,637 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Municipal Income ETF were worth $4,092,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 11.6% in the 4th quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after acquiring an additional 125,592 shares during the last quarter. Confluence Wealth Services Inc. raised its position in shares of Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock valued at $30,610,000 after acquiring an additional 371,573 shares in the last quarter. RMR Wealth Builders bought a new position in Capital Group Municipal Income ETF during the fourth quarter worth $9,251,000. McNamara Financial Services Inc. bought a new position in Capital Group Municipal Income ETF during the fourth quarter worth $7,041,000. Finally, Boulder Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter worth $9,452,000.

Capital Group Municipal Income ETF Stock Up 0.2%

Capital Group Municipal Income ETF stock opened at $27.11 on Tuesday. Capital Group Municipal Income ETF has a 12 month low of $26.59 and a 12 month high of $27.93. The company has a fifty day moving average price of $27.36 and a two-hundred day moving average price of $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.