Hartmann Taylor Wealth Management LLC increased its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 41.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 326,554 shares of the company’s stock after purchasing an additional 95,035 shares during the period. Capital Group Municipal Income ETF makes up approximately 5.9% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 5th biggest position. Hartmann Taylor Wealth Management LLC owned 0.16% of Capital Group Municipal Income ETF worth $8,866,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CGMU. Core Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter worth $48,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the 3rd quarter valued at about $58,000. Ameriflex Group Inc. bought a new stake in shares of Capital Group Municipal Income ETF in the third quarter worth approximately $67,000. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter worth approximately $78,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $120,000.
Capital Group Municipal Income ETF Stock Performance
Shares of Capital Group Municipal Income ETF stock opened at $27.50 on Monday. The company’s 50 day moving average is $27.38 and its 200 day moving average is $27.47. Capital Group Municipal Income ETF has a twelve month low of $26.58 and a twelve 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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