Family Manage LLC Boosts Holdings in Capital Group Municipal Income ETF $CGMU

Family Manage LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 112.3% during the first quarter, HoldingsChannel reports. The firm owned 58,018 shares of the company’s stock after purchasing an additional 30,696 shares during the quarter. Family Manage LLC’s holdings in Capital Group Municipal Income ETF were worth $1,575,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CGMU. Atlas Private Wealth Advisors increased its stake in Capital Group Municipal Income ETF by 1.2% during the 4th quarter. Atlas Private Wealth Advisors now owns 35,016 shares of the company’s stock worth $959,000 after buying an additional 402 shares during the period. Cerity Partners LLC boosted its position in Capital Group Municipal Income ETF by 0.7% in the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after buying an additional 433 shares during the last quarter. Florida Financial Advisors LLC boosted its position in Capital Group Municipal Income ETF by 4.0% in the 4th quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock valued at $346,000 after buying an additional 485 shares during the last quarter. Transcendent Capital Group LLC increased its position in shares of Capital Group Municipal Income ETF by 2.5% during the fourth quarter. Transcendent Capital Group LLC now owns 20,430 shares of the company’s stock worth $559,000 after acquiring an additional 492 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its position in shares of Capital Group Municipal Income ETF by 1.9% during the fourth quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock worth $771,000 after acquiring an additional 512 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.05 on Monday. Capital Group Municipal Income ETF has a one year low of $26.59 and a one year high of $27.93. The business’s 50-day simple moving average is $27.36 and its 200 day simple moving average is $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.