Raymond James & Associates boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 19.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 148,174 shares of the company’s stock after purchasing an additional 24,598 shares during the quarter. Raymond James & Associates owned approximately 0.58% of Capital Group Municipal Income ETF worth $4,069,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CGMU. Private Advisor Group LLC raised its holdings in shares of Capital Group Municipal Income ETF by 55.6% during the first quarter. Private Advisor Group LLC now owns 224,201 shares of the company’s stock valued at $6,056,000 after acquiring an additional 80,112 shares during the last quarter. Concourse Financial Group Securities Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 4.1% during the first quarter. Concourse Financial Group Securities Inc. now owns 9,520 shares of the company’s stock valued at $258,000 after acquiring an additional 376 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Capital Group Municipal Income ETF by 21.5% during the first quarter. Janney Montgomery Scott LLC now owns 20,557 shares of the company’s stock valued at $555,000 after acquiring an additional 3,633 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 0.3% during the first quarter. New England Capital Financial Advisors LLC now owns 110,796 shares of the company’s stock valued at $2,993,000 after acquiring an additional 375 shares during the last quarter. Finally, Mutual Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 67.7% during the first quarter. Mutual Advisors LLC now owns 81,335 shares of the company’s stock valued at $2,197,000 after acquiring an additional 32,844 shares during the last quarter.
Capital Group Municipal Income ETF Price Performance
Shares of Capital Group Municipal Income ETF stock opened at $27.02 on Friday. The business has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $27.10. Capital Group Municipal Income ETF has a 12 month low of $25.56 and a 12 month high of $27.54.
Capital Group Municipal Income ETF Increases Dividend
About Capital Group Municipal Income ETF
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.
Featured Stories
- Five stocks we like better than Capital Group Municipal Income ETF
- What Do S&P 500 Stocks Tell Investors About the Market?
- Battle of the Retailers: Who Comes Out on Top?
- CD Calculator: Certificate of Deposit Calculator
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- How to Start Investing in Real Estate
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for Capital Group Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.