Capital Group Municipal Income ETF $CGMU Shares Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 799,082 shares of the company’s stock after acquiring an additional 110,718 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Municipal Income ETF were worth $21,695,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF in the fourth quarter valued at $48,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth about $58,000. Ameriflex Group Inc. acquired a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth about $67,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at about $120,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.47 on Wednesday. The business has a 50-day moving average price of $27.38 and a 200 day moving average price of $27.47. Capital Group Municipal Income ETF has a 52-week low of $26.58 and a 52-week high of $27.93.

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.