Capital Group Private Client Services Inc. Boosts Holdings 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, HoldingsChannel reports. The institutional investor owned 575,613 shares of the company’s stock after acquiring an additional 107,429 shares during the period. Capital Group Private Client Services Inc.’s holdings in Capital Group Municipal Income ETF were worth $15,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $32,000. Global Retirement Partners LLC boosted its position in shares of Capital Group Municipal Income ETF by 687.5% during the 1st quarter. Global Retirement Partners LLC now owns 3,780 shares of the company’s stock valued at $102,000 after acquiring an additional 3,300 shares during the last quarter. Milestone Investment Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $128,000. CGN Advisors LLC bought a new stake in Capital Group Municipal Income ETF in the first quarter worth $204,000. Finally, D.A. Davidson & CO. purchased a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at $209,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU traded down $0.01 on Friday, reaching $27.13. The company’s stock had a trading volume of 1,484,904 shares, compared to its average volume of 550,339. The company has a 50-day simple moving average of $26.92 and a 200 day simple moving average of $26.93. Capital Group Municipal Income ETF has a 52-week low of $25.32 and a 52-week 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.