Milestone Investment Advisors LLC increased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 129.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,075 shares of the company’s stock after purchasing an additional 25,399 shares during the period. Milestone Investment Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $1,224,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CGMU. Core Wealth Advisors LLC bought a new stake in Capital Group Municipal Income ETF during the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC bought a new position in shares of Capital Group Municipal Income ETF in the 3rd quarter worth $58,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $78,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $120,000. Finally, Signaturefd LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 4th quarter valued at $125,000.
Capital Group Municipal Income ETF Stock Down 0.1%
NYSEARCA CGMU opened at $27.36 on Thursday. Capital Group Municipal Income ETF has a 52-week low of $26.58 and a 52-week high of $27.93. The company has a fifty day moving average of $27.38 and a 200-day moving average of $27.47.
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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