Bare Financial Services Inc Makes New Investment in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Bare Financial Services Inc acquired a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,218 shares of the company’s stock, valued at approximately $1,360,000. Capital Group Municipal Income ETF accounts for 2.7% of Bare Financial Services Inc’s holdings, making the stock its 11th largest holding. Bare Financial Services Inc owned 0.66% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 116.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 1,550,391 shares of the company’s stock valued at $41,985,000 after purchasing an additional 835,020 shares during the last quarter. Great Valley Advisor Group Inc. increased its position in shares of Capital Group Municipal Income ETF by 9.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 630,641 shares of the company’s stock valued at $17,078,000 after acquiring an additional 55,441 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Capital Group Municipal Income ETF during the fourth quarter valued at approximately $14,714,000. UBS Group AG increased its position in shares of Capital Group Municipal Income ETF by 132.1% during the third quarter. UBS Group AG now owns 435,588 shares of the company’s stock valued at $11,195,000 after acquiring an additional 247,939 shares in the last quarter. Finally, Pillar Wealth Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 3.7% during the fourth quarter. Pillar Wealth Advisors LLC now owns 381,264 shares of the company’s stock valued at $10,325,000 after acquiring an additional 13,476 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of CGMU traded up $0.04 on Thursday, hitting $26.72. 240,301 shares of the stock traded hands, compared to its average volume of 184,721. The business has a 50 day simple moving average of $26.92 and a 200 day simple moving average of $26.70. 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 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.