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

NavPoint Financial Inc. bought a new position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the fourth quarter, HoldingsChannel.com reports. The fund bought 60,330 shares of the company’s stock, valued at approximately $1,634,000. Capital Group Municipal Income ETF comprises about 1.5% of NavPoint Financial Inc.’s portfolio, making the stock its 20th largest position.

A number of other institutional investors also recently modified their holdings of the stock. Capital Planning LLC raised its stake in shares of Capital Group Municipal Income ETF by 0.6% in the fourth quarter. Capital Planning LLC now owns 202,420 shares of the company’s stock worth $5,501,000 after acquiring an additional 1,179 shares during the last quarter. IFG Advisory LLC raised its stake in shares of Capital Group Municipal Income ETF by 11.2% in the fourth quarter. IFG Advisory LLC now owns 17,305 shares of the company’s stock worth $469,000 after acquiring an additional 1,745 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of Capital Group Municipal Income ETF by 43.9% in the third quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock worth $167,000 after acquiring an additional 1,970 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Capital Group Municipal Income ETF by 8.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,054 shares of the company’s stock worth $733,000 after acquiring an additional 2,194 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its stake in shares of Capital Group Municipal Income ETF by 31.3% in the fourth quarter. Koshinski Asset Management Inc. now owns 14,191 shares of the company’s stock worth $384,000 after acquiring an additional 3,379 shares during the last quarter.

Capital Group Municipal Income ETF Trading Up 0.3 %

Shares of NYSEARCA CGMU traded up $0.08 during trading on Friday, reaching $26.80. The company had a trading volume of 235,695 shares, compared to its average volume of 185,314. Capital Group Municipal Income ETF has a 52 week low of $25.32 and a 52 week high of $27.22. The business’s 50 day moving average price is $26.91 and its 200-day moving average price is $26.71.

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.