Kestra Advisory Services LLC Acquires 436,307 Shares of Capital Group Municipal Income ETF $CGMU

Kestra Advisory Services LLC grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 254.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 608,109 shares of the company’s stock after acquiring an additional 436,307 shares during the period. Kestra Advisory Services LLC owned about 0.29% of Capital Group Municipal Income ETF worth $16,510,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Stephens Inc. AR raised its stake in Capital Group Municipal Income ETF by 49.9% during the 1st quarter. Stephens Inc. AR now owns 113,535 shares of the company’s stock valued at $3,082,000 after purchasing an additional 37,790 shares during the period. Koshinski Asset Management Inc. boosted its stake in Capital Group Municipal Income ETF by 1.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 309,986 shares of the company’s stock worth $8,416,000 after purchasing an additional 5,570 shares during the period. Hunter Associates Investment Management LLC boosted its stake in Capital Group Municipal Income ETF by 12.0% in the 1st quarter. Hunter Associates Investment Management LLC now owns 559,824 shares of the company’s stock worth $15,202,000 after purchasing an additional 59,912 shares during the period. CWS Financial Advisors LLC purchased a new stake in Capital Group Municipal Income ETF during the 1st quarter valued at approximately $226,000. Finally, New England Capital Financial Advisors LLC grew its holdings in Capital Group Municipal Income ETF by 81.8% during the 1st quarter. New England Capital Financial Advisors LLC now owns 282,765 shares of the company’s stock valued at $7,677,000 after buying an additional 127,249 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of Capital Group Municipal Income ETF stock traded up $0.02 on Friday, hitting $27.40. 806,974 shares of the company traded hands, compared to its average volume of 1,130,626. Capital Group Municipal Income ETF has a 52 week low of $26.58 and a 52 week high of $27.93. The business has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $27.47.

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.