Beto Financial Group LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 270,680 shares of the company’s stock, valued at approximately $7,471,000. Capital Group Municipal Income ETF accounts for approximately 5.1% of Beto Financial Group LLC’s investment portfolio, making the stock its 4th biggest holding. Beto Financial Group LLC owned 0.15% of Capital Group Municipal Income ETF as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $42,000. Core Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $58,000. Ameriflex Group Inc. purchased a new stake in shares of Capital Group Municipal Income ETF during the third quarter worth $67,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth $78,000.
Capital Group Municipal Income ETF Price Performance
NYSEARCA:CGMU opened at $27.39 on Tuesday. The business’s fifty day moving average price is $27.32 and its 200 day moving average price is $27.46. Capital Group Municipal Income ETF has a 12 month low of $26.48 and a 12 month high of $27.93.
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.
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