Principal Securities Inc. lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 45.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 437,990 shares of the company’s stock after acquiring an additional 135,912 shares during the period. Principal Securities Inc. owned 0.24% of Capital Group Municipal Income ETF worth $11,992,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $42,000. Core Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $48,000. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $58,000. Ameriflex Group Inc. bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $78,000.
Capital Group Municipal Income ETF Price Performance
Shares of CGMU stock opened at $27.40 on Friday. The stock’s 50 day simple moving average is $27.35 and its 200 day simple moving average is $27.46. Capital Group Municipal Income ETF has a twelve month low of $26.58 and a twelve month high of $27.93.
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.
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