Signet Financial Management LLC Increases Stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Signet Financial Management LLC raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,061 shares of the company’s stock after acquiring an additional 13,184 shares during the quarter. Signet Financial Management LLC owned approximately 1.20% of Capital Group Municipal Income ETF worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of CGMU. Wealthcare Advisory Partners LLC raised its stake in shares of Capital Group Municipal Income ETF by 45.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 120,262 shares of the company’s stock worth $3,248,000 after buying an additional 37,819 shares during the period. CGN Advisors LLC bought a new position in Capital Group Municipal Income ETF in the 1st quarter worth $204,000. AdvisorNet Financial Inc increased its stake in Capital Group Municipal Income ETF by 15.3% in the 1st quarter. AdvisorNet Financial Inc now owns 11,796 shares of the company’s stock worth $319,000 after buying an additional 1,566 shares in the last quarter. &PARTNERS purchased a new position in shares of Capital Group Municipal Income ETF in the first quarter valued at about $222,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter worth about $32,000.

Capital Group Municipal Income ETF Stock Down 0.2 %

NYSEARCA CGMU traded down $0.05 during trading hours on Thursday, reaching $26.90. The company’s stock had a trading volume of 69,518 shares, compared to its average volume of 198,196. Capital Group Municipal Income ETF has a 1 year low of $25.32 and a 1 year high of $27.22. The firm’s 50-day moving average price is $26.83 and its 200-day moving average price is $26.94.

Capital Group Municipal Income ETF Company 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.