U.S. Capital Wealth Advisors LLC Boosts Stock Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

U.S. Capital Wealth Advisors LLC lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 379.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,548 shares of the company’s stock after buying an additional 53,448 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGMU. Commonwealth Equity Services LLC increased its stake in Capital Group Municipal Income ETF by 116.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 1,550,391 shares of the company’s stock worth $41,985,000 after purchasing an additional 835,020 shares during the period. Great Valley Advisor Group Inc. bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter valued at $14,783,000. Venturi Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at $14,714,000. UBS Group AG grew its holdings in Capital Group Municipal Income ETF by 132.1% in the 3rd quarter. UBS Group AG now owns 435,588 shares of the company’s stock worth $11,195,000 after acquiring an additional 247,939 shares during the last quarter. Finally, WNY Asset Management LLC purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter valued at about $3,037,000.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU traded up $0.08 during midday trading on Friday, hitting $26.80. 235,695 shares of the stock traded hands, compared to its average volume of 185,314. The business’s 50 day moving average is $26.91 and its two-hundred day moving average is $26.71. Capital Group Municipal Income ETF has a one year low of $25.32 and a one year high of $27.22.

Capital Group Municipal Income ETF 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.