J. Derek Lewis & Associates Inc. acquired a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 748,857 shares of the company’s stock, valued at approximately $20,504,000. Capital Group Municipal Income ETF comprises about 4.8% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 4th largest position.
Several other hedge funds have also recently added to or reduced their stakes in CGMU. Core Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth about $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at about $58,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $67,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $120,000.
Capital Group Municipal Income ETF Stock Performance
Shares of Capital Group Municipal Income ETF stock opened at $27.46 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 50 day moving average price of $27.37 and a 200 day moving average price of $27.46.
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.
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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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