Principal Securities Inc. lifted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 45.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 437,990 shares of the company’s stock after acquiring an additional 135,912 shares during the period. Principal Securities Inc.’s holdings in Capital Group Municipal Income ETF were worth $11,992,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at $42,000. Core Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at $58,000. Ameriflex Group Inc. acquired a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at $67,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $78,000.
Capital Group Municipal Income ETF Stock Up 0.1%
Shares of CGMU stock opened at $27.40 on Friday. The stock’s fifty day simple moving average is $27.35 and its 200 day simple moving average is $27.46. Capital Group Municipal Income ETF has a one year low of $26.58 and a one 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.
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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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