Wealthcare Advisory Partners LLC Has $2.23 Million Stock Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Wealthcare Advisory Partners LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 145.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,443 shares of the company’s stock after buying an additional 48,919 shares during the period. Wealthcare Advisory Partners LLC owned 1.08% of Capital Group Municipal Income ETF worth $2,233,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Capital Group Municipal Income ETF in the 3rd quarter valued at $163,000. Concourse Financial Group Securities Inc. increased its position in Capital Group Municipal Income ETF by 43.9% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock valued at $167,000 after acquiring an additional 1,970 shares in the last quarter. Ausdal Financial Partners Inc. bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $230,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Capital Group Municipal Income ETF in the fourth quarter worth about $234,000. Finally, AdvisorNet Financial Inc grew its stake in shares of Capital Group Municipal Income ETF by 411.5% during the fourth quarter. AdvisorNet Financial Inc now owns 10,230 shares of the company’s stock valued at $277,000 after purchasing an additional 8,230 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

CGMU stock traded up $0.04 during trading on Tuesday, hitting $26.88. The company had a trading volume of 410,724 shares, compared to its average volume of 187,329. The firm has a 50-day moving average price of $26.91 and a 200-day moving average price of $26.73. 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 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.