IMPACTfolio LLC Buys Shares of 211,614 Capital Group Municipal Income ETF $CGMU

IMPACTfolio LLC purchased a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 211,614 shares of the company’s stock, valued at approximately $5,745,000. Capital Group Municipal Income ETF accounts for about 2.4% of IMPACTfolio LLC’s portfolio, making the stock its 8th largest holding. IMPACTfolio LLC owned 0.10% of Capital Group Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CGMU. Jane Street Group LLC increased its position in Capital Group Municipal Income ETF by 23.6% during the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after purchasing an additional 43,538 shares during the last quarter. Cerity Partners LLC raised its stake in Capital Group Municipal Income ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares during the period. NewEdge Advisors LLC boosted its holdings in Capital Group Municipal Income ETF by 105.7% in the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after purchasing an additional 63,473 shares during the last quarter. Sei Investments Co. acquired a new position in Capital Group Municipal Income ETF in the 2nd quarter valued at about $6,154,000. Finally, Raymond James Financial Inc. grew its stake in shares of Capital Group Municipal Income ETF by 45.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock valued at $30,757,000 after buying an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.38 on Friday. The company has a 50 day simple moving average of $27.38 and a 200-day simple moving average of $27.47. Capital Group Municipal Income ETF has a 1 year low of $26.58 and a 1 year 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.