American Financial Advisors LLC Purchases New Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

American Financial Advisors LLC purchased a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 10,379 shares of the company’s stock, valued at approximately $281,000. American Financial Advisors LLC owned 0.14% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. grew its stake in shares of Capital Group Municipal Income ETF by 1.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 38,568 shares of the company’s stock valued at $1,021,000 after buying an additional 404 shares in the last quarter. Money Concepts Capital Corp bought a new position in Capital Group Municipal Income ETF in the fourth quarter valued at about $26,000. Capital Planning LLC grew its position in Capital Group Municipal Income ETF by 0.6% in the fourth quarter. Capital Planning LLC now owns 202,420 shares of the company’s stock valued at $5,501,000 after acquiring an additional 1,179 shares during the last quarter. IFG Advisory LLC grew its position in Capital Group Municipal Income ETF by 11.2% in the fourth quarter. IFG Advisory LLC now owns 17,305 shares of the company’s stock valued at $469,000 after acquiring an additional 1,745 shares during the last quarter. Finally, Concourse Financial Group Securities Inc. grew its holdings in shares of Capital Group Municipal Income ETF by 43.9% during the third quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock worth $167,000 after purchasing an additional 1,970 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGMU traded up $0.01 during midday trading on Friday, hitting $26.77. 65,431 shares of the stock were exchanged, compared to its average volume of 185,093. The business’s 50-day moving average price is $26.97 and its 200 day moving average price is $26.62. Capital Group Municipal Income ETF has a 12 month low of $25.32 and a 12 month high of $27.22.

Capital Group Municipal Income ETF Company 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.