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

Signet Financial Management LLC lifted its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 16.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 91,061 shares of the company’s stock after buying an additional 13,184 shares during the quarter. Signet Financial Management LLC’s holdings in Capital Group Municipal Income ETF were worth $2,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of CGMU. ICA Group Wealth Management LLC purchased a new position in Capital Group Municipal Income ETF during the 4th quarter worth $32,000. Milestone Investment Advisors LLC purchased a new position in Capital Group Municipal Income ETF during the fourth quarter worth about $128,000. Sunbelt Securities Inc. acquired a new stake in Capital Group Municipal Income ETF in the third quarter valued at about $163,000. CGN Advisors LLC acquired a new position in Capital Group Municipal Income ETF during the 1st quarter worth approximately $204,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $209,000.

Capital Group Municipal Income ETF Stock Down 0.2 %

Shares of Capital Group Municipal Income ETF stock traded down $0.05 during trading 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. The business has a 50 day moving average price of $26.83 and a 200-day moving average price of $26.94. Capital Group Municipal Income ETF has a 12-month low of $25.32 and a 12-month high of $27.22.

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.