Pillar Wealth Advisors LLC Has $10.33 Million Holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Pillar Wealth Advisors LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 381,264 shares of the company’s stock after acquiring an additional 13,476 shares during the quarter. Capital Group Municipal Income ETF makes up 8.0% of Pillar Wealth Advisors LLC’s holdings, making the stock its 2nd biggest holding. Pillar Wealth Advisors LLC owned about 5.02% of Capital Group Municipal Income ETF worth $10,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CGMU. Great Valley Advisor Group Inc. bought a new position in shares of Capital Group Municipal Income ETF during the third quarter worth about $14,783,000. Venturi Wealth Management LLC bought a new stake in Capital Group Municipal Income ETF in the fourth quarter worth approximately $14,714,000. UBS Group AG increased its holdings in Capital Group Municipal Income ETF by 132.1% in the third quarter. UBS Group AG now owns 435,588 shares of the company’s stock worth $11,195,000 after purchasing an additional 247,939 shares in the last quarter. WNY Asset Management LLC bought a new stake in Capital Group Municipal Income ETF in the third quarter worth approximately $3,037,000. Finally, LPL Financial LLC increased its holdings in Capital Group Municipal Income ETF by 116.0% in the third quarter. LPL Financial LLC now owns 202,902 shares of the company’s stock worth $5,215,000 after purchasing an additional 108,953 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.1 %

CGMU stock traded down $0.02 during mid-day trading on Tuesday, reaching $26.65. The company’s stock had a trading volume of 142,405 shares, compared to its average volume of 184,042. The business’s 50 day moving average price is $26.93 and its 200 day moving average price is $26.69. Capital Group Municipal Income ETF has a 12 month low of $25.32 and a 12 month 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.