Calton & Associates Inc. Makes New $1.06 Million Investment in Capital Group Municipal Income ETF $CGMU

Calton & Associates Inc. acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 38,644 shares of the company’s stock, valued at approximately $1,058,000.

Several other hedge funds have also bought and sold shares of CGMU. Capital International Investors boosted its position in Capital Group Municipal Income ETF by 14.8% in the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after purchasing an additional 5,890,074 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Municipal Income ETF by 32.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after purchasing an additional 1,620,219 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Municipal Income ETF by 18.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after purchasing an additional 1,573,897 shares in the last quarter. Blue Chip Partners LLC boosted its position in Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after purchasing an additional 1,448,696 shares in the last quarter. Finally, Aprio Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF in the 4th quarter worth approximately $22,189,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.38 on Thursday. Capital Group Municipal Income ETF has a 12 month low of $26.49 and a 12 month high of $27.93. The stock’s 50 day simple moving average is $27.32 and its two-hundred day simple moving average is $27.46.

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.