Commonwealth Equity Services LLC Increases Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Commonwealth Equity Services LLC boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 116.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,550,391 shares of the company’s stock after purchasing an additional 835,020 shares during the period. Commonwealth Equity Services LLC owned about 20.40% of Capital Group Municipal Income ETF worth $41,985,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter worth approximately $163,000. Concourse Financial Group Securities Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 43.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock worth $167,000 after purchasing an additional 1,970 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new position in Capital Group Municipal Income ETF in the 4th quarter worth about $230,000. McGlone Suttner Wealth Management Inc. bought a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at about $234,000. Finally, AdvisorNet Financial Inc lifted its holdings in Capital Group Municipal Income ETF by 411.5% during the 4th quarter. AdvisorNet Financial Inc now owns 10,230 shares of the company’s stock valued at $277,000 after buying an additional 8,230 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU traded up $0.08 during trading on Friday, reaching $26.80. 235,695 shares of the company were exchanged, compared to its average volume of 185,314. The business’s fifty day simple moving average is $26.91 and its 200-day simple moving average is $26.71. Capital Group Municipal Income ETF has a 12-month low of $25.32 and a 12-month high of $27.22.

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.