Gateway Wealth Partners LLC Boosts Stake in Capital Group Municipal Income ETF $CGMU

Gateway Wealth Partners LLC grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 285.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 150,736 shares of the company’s stock after acquiring an additional 111,637 shares during the period. Gateway Wealth Partners LLC owned about 0.07% of Capital Group Municipal Income ETF worth $4,092,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Morgan Stanley lifted its stake in shares of Capital Group Municipal Income ETF by 38.2% in the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock worth $246,192,000 after acquiring an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after purchasing an additional 1,620,219 shares in the last quarter. LPL Financial LLC grew its stake in Capital Group Municipal Income ETF by 28.0% during the 4th quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock valued at $184,996,000 after purchasing an additional 1,479,528 shares in the last quarter. Blue Chip Partners LLC increased its holdings in Capital Group Municipal Income ETF by 2,093.0% during the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after purchasing an additional 1,448,696 shares during the last quarter. Finally, Aprio Wealth Management LLC purchased a new stake in Capital Group Municipal Income ETF during the 4th quarter worth approximately $22,189,000.

Capital Group Municipal Income ETF Price Performance

CGMU stock opened at $27.11 on Tuesday. The firm has a 50 day simple moving average of $27.36 and a 200-day simple moving average of $27.46. Capital Group Municipal Income ETF has a twelve month low of $26.59 and a twelve month high of $27.93.

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.