Clear Trail Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the 1st quarter, HoldingsChannel reports. The firm purchased 512,183 shares of the company’s stock, valued at approximately $13,906,000. Capital Group Municipal Income ETF accounts for about 2.3% of Clear Trail Advisors LLC’s holdings, making the stock its 16th largest holding.
A number of other hedge funds and other institutional investors have also modified their holdings of CGMU. Assetmark Inc. raised its holdings in Capital Group Municipal Income ETF by 11.6% during the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after buying an additional 125,592 shares in the last quarter. RMR Wealth Builders bought a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $9,251,000. Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock valued at $30,610,000 after acquiring an additional 371,573 shares during the last quarter. Legacy Private Trust Co. bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $2,484,000. Finally, McNamara Financial Services Inc. acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter worth approximately $7,041,000.
Capital Group Municipal Income ETF Stock Up 0.0%
Shares of Capital Group Municipal Income ETF stock opened at $27.47 on Tuesday. The stock has a 50 day moving average price of $27.37 and a two-hundred day moving average price of $27.46. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month high of $27.93.
Capital Group Municipal Income ETF Company 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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Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report).
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