Benjamin F. Edwards & Company Inc. Increases Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Benjamin F. Edwards & Company Inc. grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 113.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,926 shares of the company’s stock after acquiring an additional 44,139 shares during the quarter. Benjamin F. Edwards & Company Inc. owned about 1.09% of Capital Group Municipal Income ETF worth $2,246,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CGMU. Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 116.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,550,391 shares of the company’s stock valued at $41,985,000 after acquiring an additional 835,020 shares during the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $14,783,000. Venturi Wealth Management LLC purchased a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth approximately $14,714,000. UBS Group AG boosted its holdings in shares of Capital Group Municipal Income ETF by 132.1% in the third quarter. UBS Group AG now owns 435,588 shares of the company’s stock worth $11,195,000 after buying an additional 247,939 shares during the last quarter. Finally, WNY Asset Management LLC purchased a new position in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $3,037,000.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $26.80 on Friday. The company’s 50 day moving average is $26.91 and its 200 day moving average is $26.71. 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.