Hunter Associates Investment Management LLC Purchases 59,912 Shares of Capital Group Municipal Income ETF $CGMU

Hunter Associates Investment Management LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 559,824 shares of the company’s stock after acquiring an additional 59,912 shares during the period. Capital Group Municipal Income ETF comprises approximately 2.0% of Hunter Associates Investment Management LLC’s holdings, making the stock its 11th largest holding. Hunter Associates Investment Management LLC’s holdings in Capital Group Municipal Income ETF were worth $15,202,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $58,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $120,000.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU stock opened at $27.49 on Friday. Capital Group Municipal Income ETF has a one year low of $26.58 and a one year high of $27.93. The stock has a fifty day moving average price of $27.38 and a 200 day moving average price of $27.47.

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.