Capital Group Municipal Income ETF (NYSEARCA:CGMU – Get Free Report) saw strong trading volume on Wednesday . 3,723,896 shares traded hands during mid-day trading, an increase of 223% from the previous session’s volume of 1,152,509 shares.The stock last traded at $26.82 and had previously closed at $26.82.
Capital Group Municipal Income ETF Price Performance
The company has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $27.37.
Institutional Investors Weigh In On Capital Group Municipal Income ETF
Large investors have recently modified their holdings of the business. CoreCap Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 672.6% during the second quarter. CoreCap Advisors LLC now owns 1,043 shares of the company’s stock valued at $29,000 after buying an additional 908 shares during the period. Core Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth $48,000. CIBC Private Wealth Group LLC bought a new stake in Capital Group Municipal Income ETF during the third quarter valued at about $58,000. Advisory Services Network LLC bought a new position in Capital Group Municipal Income ETF in the third quarter worth about $129,000. Finally, Quadrant Capital Group LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $166,000.
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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