Penney Financial LLC Has $5.03 Million Stock Holdings in Capital Group Municipal Income ETF $CGMU

Penney Financial LLC raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,115 shares of the company’s stock after purchasing an additional 21,030 shares during the quarter. Capital Group Municipal Income ETF makes up about 1.9% of Penney Financial LLC’s portfolio, making the stock its 14th biggest holding. Penney Financial LLC owned 0.09% of Capital Group Municipal Income ETF worth $5,026,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGMU. Jane Street Group LLC increased its holdings in Capital Group Municipal Income ETF by 23.6% during the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after buying an additional 43,538 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Capital Group Municipal Income ETF by 105.7% in the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after purchasing an additional 63,473 shares during the period. Sei Investments Co. acquired a new stake in Capital Group Municipal Income ETF in the 2nd quarter valued at about $6,154,000. Finally, Raymond James Financial Inc. grew its holdings in Capital Group Municipal Income ETF by 45.6% during the second quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock worth $30,757,000 after purchasing an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.50 on Monday. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month high of $27.93. The stock’s 50 day moving average price is $27.38 and its two-hundred day moving average price is $27.47.

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.