Modern Wealth Management LLC lowered its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 27.3% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,875 shares of the company’s stock after selling 35,580 shares during the quarter. Modern Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $2,581,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Core Wealth Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at about $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth about $58,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $78,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $120,000. Finally, Signaturefd LLC bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $125,000.
Capital Group Municipal Income ETF Stock Performance
NYSEARCA CGMU opened at $27.05 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.59 and a 1-year high of $27.93. The business has a 50 day simple moving average of $27.36 and a two-hundred day simple moving average of $27.46.
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.
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