Capital Group Municipal Income ETF $CGMU is New England Capital Financial Advisors LLC’s 10th Largest Position

New England Capital Financial Advisors LLC raised its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 81.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 282,765 shares of the company’s stock after acquiring an additional 127,249 shares during the quarter. Capital Group Municipal Income ETF makes up approximately 2.1% of New England Capital Financial Advisors LLC’s portfolio, making the stock its 10th biggest position. New England Capital Financial Advisors LLC’s holdings in Capital Group Municipal Income ETF were worth $7,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of Capital Group Municipal Income ETF by 11.6% during the 4th quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock valued at $33,071,000 after purchasing an additional 125,592 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after buying an additional 371,573 shares during the last quarter. RMR Wealth Builders purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth $9,251,000. Legacy Private Trust Co. purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth $2,484,000. Finally, McNamara Financial Services Inc. acquired a new position in Capital Group Municipal Income ETF during the 4th quarter valued at about $7,041,000.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.49 on Friday. The business’s 50-day moving average is $27.38 and its 200 day moving average is $27.47. Capital Group Municipal Income ETF has a 1 year low of $26.58 and a 1 year 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.