Independent Financial Group LLC Invests $527,000 in Capital Group Municipal Income ETF $CGMU

Independent Financial Group LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 1st quarter, HoldingsChannel.com reports. The firm bought 19,397 shares of the company’s stock, valued at approximately $527,000.

Several other large investors also recently made changes to their positions in CGMU. Core Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at approximately $58,000. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $78,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $120,000. Finally, Signaturefd LLC bought a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $125,000.

Capital Group Municipal Income ETF Stock Down 0.6%

Shares of NYSEARCA:CGMU opened at $27.03 on Friday. Capital Group Municipal Income ETF has a twelve month low of $26.59 and a twelve month high of $27.93. The stock’s 50 day moving average is $27.37 and its 200-day moving average is $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.