Bare Financial Services Inc Takes Position in Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Bare Financial Services Inc bought a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,218 shares of the company’s stock, valued at approximately $1,360,000. Capital Group Municipal Income ETF accounts for about 2.7% of Bare Financial Services Inc’s holdings, making the stock its 11th largest position.

Other large investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 3rd quarter valued at approximately $163,000. Concourse Financial Group Securities Inc. increased its position in shares of Capital Group Municipal Income ETF by 43.9% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 6,462 shares of the company’s stock valued at $167,000 after purchasing an additional 1,970 shares during the last quarter. Ausdal Financial Partners Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $230,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Capital Group Municipal Income ETF in the 4th quarter valued at approximately $234,000. Finally, AdvisorNet Financial Inc boosted its holdings in shares of Capital Group Municipal Income ETF by 411.5% in the 4th quarter. AdvisorNet Financial Inc now owns 10,230 shares of the company’s stock valued at $277,000 after buying an additional 8,230 shares in the last quarter.

Capital Group Municipal Income ETF Trading Up 0.1 %

Shares of Capital Group Municipal Income ETF stock traded up $0.04 during trading hours on Thursday, hitting $26.72. The company had a trading volume of 240,301 shares, compared to its average volume of 184,721. The company’s 50-day moving average is $26.92 and its two-hundred day moving average is $26.70. Capital Group Municipal Income ETF has a twelve month low of $25.32 and a twelve 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.