Stephens Inc. AR Grows Stock Holdings in Capital Group Municipal Income ETF $CGMU

Stephens Inc. AR raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 49.9% during the first quarter, HoldingsChannel reports. The fund owned 113,535 shares of the company’s stock after purchasing an additional 37,790 shares during the quarter. Stephens Inc. AR’s holdings in Capital Group Municipal Income ETF were worth $3,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Koshinski Asset Management Inc. lifted its holdings in Capital Group Municipal Income ETF by 1.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 309,986 shares of the company’s stock worth $8,416,000 after purchasing an additional 5,570 shares in the last quarter. Hunter Associates Investment Management LLC grew its holdings in Capital Group Municipal Income ETF by 12.0% during the 1st quarter. Hunter Associates Investment Management LLC now owns 559,824 shares of the company’s stock valued at $15,202,000 after buying an additional 59,912 shares in the last quarter. CWS Financial Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the first quarter valued at approximately $226,000. New England Capital Financial Advisors LLC grew its stake in Capital Group Municipal Income ETF by 81.8% during the first quarter. New England Capital Financial Advisors LLC now owns 282,765 shares of the company’s stock valued at $7,677,000 after acquiring an additional 127,249 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Capital Group Municipal Income ETF by 4.5% during the 1st quarter. World Investment Advisors now owns 205,396 shares of the company’s stock worth $5,576,000 after acquiring an additional 8,886 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.1%

NYSEARCA CGMU opened at $27.39 on Thursday. Capital Group Municipal Income ETF has a 1 year low of $26.58 and a 1 year high of $27.93. The company’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $27.47.

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.