LPL Financial LLC boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 28.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,756,622 shares of the company’s stock after buying an additional 1,479,528 shares during the quarter. LPL Financial LLC owned approximately 3.69% of Capital Group Municipal Income ETF worth $184,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC purchased a new stake in Capital Group Municipal Income ETF in the third quarter worth approximately $42,000. Core Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $58,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter valued at approximately $67,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $78,000.
Capital Group Municipal Income ETF Price Performance
NYSEARCA:CGMU opened at $27.40 on Wednesday. Capital Group Municipal Income ETF has a fifty-two week low of $26.54 and a fifty-two week high of $27.93. The business has a 50 day moving average price of $27.34 and a 200-day moving average price of $27.46.
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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