SteelPeak Wealth LLC Purchases Shares of 70,445 Capital Group Municipal Income ETF $CGMU

SteelPeak Wealth LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 70,445 shares of the company’s stock, valued at approximately $1,913,000.

Several other institutional investors and hedge funds have also made changes to their positions in CGMU. Assetmark Inc. boosted its holdings in Capital Group Municipal Income ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after purchasing an additional 125,592 shares in the last quarter. Confluence Wealth Services Inc. raised its holdings in Capital Group Municipal Income ETF by 49.8% during the fourth quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after purchasing an additional 371,573 shares in the last quarter. RMR Wealth Builders acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $9,251,000. Legacy Private Trust Co. acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $2,484,000. Finally, McNamara Financial Services Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $7,041,000.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.33 on Friday. The company has a fifty day simple moving average of $27.38 and a 200-day simple moving average of $27.47. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month 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.