Northwestern Mutual Wealth Management Co. Acquires 998,606 Shares of Capital Group Municipal Income ETF $CGMU

Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 7,596,372 shares of the company’s stock after acquiring an additional 998,606 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Municipal Income ETF were worth $207,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Capital International Investors raised its position in shares of Capital Group Municipal Income ETF by 14.8% in the third quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock valued at $1,244,005,000 after purchasing an additional 5,890,074 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group Municipal Income ETF by 18.7% in the third quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock valued at $272,854,000 after purchasing an additional 1,573,897 shares during the period. UBS Group AG raised its position in shares of Capital Group Municipal Income ETF by 12.6% in the fourth quarter. UBS Group AG now owns 4,032,770 shares of the company’s stock valued at $110,417,000 after purchasing an additional 450,074 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Capital Group Municipal Income ETF by 20.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,902,883 shares of the company’s stock valued at $52,101,000 after purchasing an additional 318,515 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Capital Group Municipal Income ETF by 18.1% during the second quarter. MML Investors Services LLC now owns 1,825,400 shares of the company’s stock worth $48,720,000 after purchasing an additional 279,546 shares during the period.

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA CGMU opened at $27.39 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.48 and a 1-year high of $27.93. The business’s 50 day moving average is $27.32 and its 200-day moving average is $27.46.

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.