Capital Group Municipal Income ETF $CGMU Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 89.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 791,591 shares of the company’s stock after buying an additional 374,330 shares during the quarter. Raymond James Financial Inc. owned approximately 0.70% of Capital Group Municipal Income ETF worth $21,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Financial Perspectives Inc acquired a new position in Capital Group Municipal Income ETF in the 1st quarter valued at $33,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF during the first quarter worth $39,000. Opal Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal Income ETF in the first quarter valued at $46,000. NBC Securities Inc. increased its stake in Capital Group Municipal Income ETF by 105,400.0% in the first quarter. NBC Securities Inc. now owns 3,165 shares of the company’s stock valued at $84,000 after purchasing an additional 3,162 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Capital Group Municipal Income ETF by 37.5% in the first quarter. Golden State Wealth Management LLC now owns 3,391 shares of the company’s stock valued at $91,000 after purchasing an additional 925 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $26.83 on Wednesday. The stock’s 50-day moving average price is $26.72 and its two-hundred day moving average price is $26.73. Capital Group Municipal Income ETF has a 12-month low of $25.83 and a 12-month high of $27.54.

About Capital Group Municipal Income ETF

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.