Envestnet Asset Management Inc. lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 2.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 707,944 shares of the company’s stock after purchasing an additional 18,757 shares during the period. Envestnet Asset Management Inc. owned 2.79% of Capital Group Municipal Income ETF worth $19,008,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth $32,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter worth $64,000. Rothschild Investment LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 2nd quarter worth $194,000. CGN Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the 1st quarter worth $204,000. Finally, D.A. Davidson & CO. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth $209,000.
Capital Group Municipal Income ETF Stock Down 0.0 %
Shares of Capital Group Municipal Income ETF stock opened at $27.48 on Tuesday. The company has a fifty day moving average of $27.29 and a 200 day moving average of $27.03. Capital Group Municipal Income ETF has a fifty-two week low of $25.32 and a fifty-two week high of $27.54.
Capital Group Municipal Income ETF Dividend Announcement
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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