Assetmark Inc. boosted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 3.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,254,071 shares of the company’s stock after buying an additional 46,221 shares during the period. Assetmark Inc.’s holdings in Capital Group Municipal Income ETF were worth $34,048,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of CGMU. Confluence Wealth Services Inc. lifted its position in shares of Capital Group Municipal Income ETF by 49.8% in the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock valued at $30,610,000 after acquiring an additional 371,573 shares in the last quarter. RMR Wealth Builders purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $9,251,000. Legacy Private Trust Co. purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth approximately $2,484,000. McNamara Financial Services Inc. acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at $7,041,000. Finally, Boulder Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF during the 4th quarter valued at $9,452,000.
Capital Group Municipal Income ETF Stock Performance
CGMU stock opened at $27.33 on Friday. The firm 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 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.
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Want to see what other hedge funds are holding CGMU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report).
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