Royal Harbor Partners LLC raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 443,171 shares of the company’s stock after purchasing an additional 18,465 shares during the quarter. Capital Group Municipal Income ETF accounts for about 4.0% of Royal Harbor Partners LLC’s portfolio, making the stock its 8th largest position. Royal Harbor Partners LLC owned about 0.24% of Capital Group Municipal Income ETF worth $12,134,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in CGMU. Smartleaf Asset Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $42,000. Core Wealth Advisors LLC bought a new position in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $48,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal Income ETF in the third quarter worth about $58,000. Ameriflex Group Inc. purchased a new position in Capital Group Municipal Income ETF in the third quarter worth about $67,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $78,000.
Capital Group Municipal Income ETF Stock Performance
Shares of CGMU 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 stock’s 50 day simple moving average is $27.37 and its two-hundred day simple moving average is $27.46.
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.
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