Carson Advisory Inc. purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,564 shares of the company’s stock, valued at approximately $203,000.
Other hedge funds also recently bought and sold shares of the company. Riggs Capital Management LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at about $237,000. Orion Portfolio Solutions LLC lifted its stake in shares of Capital Group Municipal Income ETF by 5.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 436,825 shares of the company’s stock valued at $11,759,000 after buying an additional 23,054 shares during the period. Hanlon Investment Management Inc. lifted its stake in shares of Capital Group Municipal Income ETF by 46.8% in the fourth quarter. Hanlon Investment Management Inc. now owns 19,033 shares of the company’s stock valued at $512,000 after buying an additional 6,070 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of Capital Group Municipal Income ETF by 175.0% in the first quarter. Golden State Wealth Management LLC now owns 6,781 shares of the company’s stock valued at $182,000 after buying an additional 4,315 shares during the period. Finally, Envision Financial Planning LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at about $1,033,000.
Capital Group Municipal Income ETF Trading Down 0.1%
NYSEARCA CGMU opened at $26.63 on Friday. The firm has a 50-day simple moving average of $26.63 and a 200 day simple moving average of $26.78. Capital Group Municipal Income ETF has a twelve month low of $25.83 and a twelve month high of $27.54.
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.
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