Venturi Wealth Management LLC boosted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 23.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,267,444 shares of the company’s stock after purchasing an additional 242,503 shares during the period. Capital Group Municipal Income ETF comprises approximately 1.6% of Venturi Wealth Management LLC’s holdings, making the stock its 16th largest position. Venturi Wealth Management LLC owned approximately 0.61% of Capital Group Municipal Income ETF worth $34,411,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Atlas Private Wealth Advisors boosted its stake in shares of 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 during the period. Cerity Partners LLC grew 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 valued at $1,607,000 after acquiring an additional 433 shares in the last quarter. Florida Financial Advisors LLC increased its stake in shares of Capital Group Municipal Income ETF by 4.0% in the fourth quarter. Florida Financial Advisors LLC now owns 12,640 shares of the company’s stock worth $346,000 after acquiring an additional 485 shares during the last quarter. Transcendent Capital Group LLC increased its stake in shares of Capital Group Municipal Income ETF by 2.5% in the fourth quarter. Transcendent Capital Group LLC now owns 20,430 shares of the company’s stock worth $559,000 after acquiring an additional 492 shares during the last quarter. Finally, Meridian Wealth Management LLC increased its stake in shares of Capital Group Municipal Income ETF by 1.9% in the fourth quarter. Meridian Wealth Management LLC now owns 28,173 shares of the company’s stock worth $771,000 after acquiring an additional 512 shares during the last quarter.
Capital Group Municipal Income ETF Trading Up 0.0%
Shares of NYSEARCA:CGMU opened at $27.50 on Friday. Capital Group Municipal Income ETF has a 1 year low of $26.58 and a 1 year high of $27.93. The business has a fifty day simple moving average of $27.38 and a 200 day simple moving average of $27.46.
About Capital Group Municipal Income ETF
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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