Kestra Advisory Services LLC Purchases 436,307 Shares of Capital Group Municipal Income ETF $CGMU

Kestra Advisory Services LLC lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 254.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 608,109 shares of the company’s stock after purchasing an additional 436,307 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital Group Municipal Income ETF were worth $16,510,000 at the end of the most recent reporting period.

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

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of CGMU stock traded up $0.02 on Friday, reaching $27.40. The company’s stock had a trading volume of 806,974 shares, compared to its average volume of 1,130,626. The stock’s fifty day simple moving average is $27.38 and its 200-day simple moving average is $27.47. Capital Group Municipal Income ETF has a 1 year low of $26.58 and a 1 year 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.