LongView Wealth Management Buys 3,700 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

LongView Wealth Management increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,600 shares of the company’s stock after buying an additional 3,700 shares during the quarter. LongView Wealth Management owned 0.36% of Capital Group Municipal Income ETF worth $745,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CGMU. Kestra Advisory Services LLC acquired a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth $312,000. LPL Financial LLC raised its stake in Capital Group Municipal Income ETF by 116.0% during the 3rd quarter. LPL Financial LLC now owns 202,902 shares of the company’s stock worth $5,215,000 after buying an additional 108,953 shares during the period. Stifel Financial Corp raised its stake in Capital Group Municipal Income ETF by 681.5% during the 3rd quarter. Stifel Financial Corp now owns 111,821 shares of the company’s stock worth $2,874,000 after buying an additional 97,513 shares during the period. Mutual Advisors LLC raised its stake in Capital Group Municipal Income ETF by 30.8% during the 3rd quarter. Mutual Advisors LLC now owns 24,967 shares of the company’s stock worth $642,000 after buying an additional 5,883 shares during the period. Finally, Harbour Investments Inc. raised its stake in Capital Group Municipal Income ETF by 110.7% during the 3rd quarter. Harbour Investments Inc. now owns 19,791 shares of the company’s stock worth $509,000 after buying an additional 10,398 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock traded down $0.05 during mid-day trading on Friday, hitting $26.85. 193,185 shares of the company’s stock were exchanged, compared to its average volume of 199,215. The company’s 50 day simple moving average is $26.84 and its 200-day simple moving average is $26.94. Capital Group Municipal Income ETF has a fifty-two week low of $25.32 and a fifty-two week high of $27.22.

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.