Valmark Advisers Inc. Has $2.62 Million Holdings in Capital Group Municipal Income ETF $CGMU

Valmark Advisers Inc. increased its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.1% during the first quarter, Holdings Channel.com reports. The fund owned 96,341 shares of the company’s stock after purchasing an additional 25,015 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Municipal Income ETF were worth $2,616,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Core Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal Income ETF during the 4th quarter worth approximately $48,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Capital Group Municipal Income ETF in the third quarter valued at approximately $58,000. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group Municipal Income ETF in the fourth quarter valued at approximately $78,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $120,000. Finally, Signaturefd LLC acquired a new stake in Capital Group Municipal Income ETF during the fourth quarter worth approximately $125,000.

Capital Group Municipal Income ETF Stock Performance

Capital Group Municipal Income ETF stock opened at $27.40 on Monday. The stock’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $27.47. Capital Group Municipal Income ETF has a one year low of $26.58 and a one year high of $27.93.

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.