SteelPeak Wealth LLC Takes Position in Capital Group Municipal Income ETF $CGMU

SteelPeak Wealth LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 70,445 shares of the company’s stock, valued at approximately $1,913,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Core Wealth Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the fourth quarter worth approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $58,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $78,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $120,000. Finally, Signaturefd LLC purchased a new position in shares of Capital Group Municipal Income ETF during the fourth quarter worth approximately $125,000.

Capital Group Municipal Income ETF Stock Up 0.0%

Shares of Capital Group Municipal Income ETF stock opened at $27.33 on Friday. The firm’s fifty day simple moving average is $27.38 and its 200-day simple moving average is $27.47. Capital Group Municipal Income ETF has a 12 month low of $26.58 and a 12 month high of $27.93.

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.