Tempus Wealth Planning LLC boosted its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 61.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,888 shares of the company’s stock after purchasing an additional 9,858 shares during the quarter. Tempus Wealth Planning LLC’s holdings in Capital Group Municipal Income ETF were worth $699,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CGMU. ICA Group Wealth Management LLC bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at about $32,000. Milestone Investment Advisors LLC bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at about $128,000. Sunbelt Securities Inc. bought a new position in Capital Group Municipal Income ETF during the third quarter valued at about $163,000. CGN Advisors LLC bought a new position in Capital Group Municipal Income ETF during the first quarter valued at about $204,000. Finally, D.A. Davidson & CO. bought a new position in Capital Group Municipal Income ETF during the fourth quarter valued at about $209,000.
Capital Group Municipal Income ETF Trading Up 0.1 %
CGMU stock traded up $0.04 during trading hours on Thursday, hitting $26.92. 233,870 shares of the stock traded hands, compared to its average volume of 273,090. The stock has a 50-day simple moving average of $26.84 and a 200 day simple moving average of $26.93. Capital Group Municipal Income ETF has a one year low of $25.32 and a one year 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.
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