Royal Bank of Canada increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 17.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,352,529 shares of the company’s stock after purchasing an additional 199,108 shares during the period. Royal Bank of Canada owned 0.64% of Capital Group Municipal Income ETF worth $36,721,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Core Wealth Advisors LLC acquired a new stake in Capital Group Municipal Income ETF in the 4th quarter worth about $48,000. CIBC Private Wealth Group LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $58,000. Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $78,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth about $120,000. Finally, Signaturefd LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth approximately $125,000.
Capital Group Municipal Income ETF Trading Up 0.1%
Shares of NYSEARCA:CGMU opened at $27.02 on Tuesday. The stock has a 50-day simple moving average of $27.35 and a 200-day simple moving average of $27.44. Capital Group Municipal Income ETF has a 1 year low of $26.71 and a 1 year 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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