Stonebridge Financial Group LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 8.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 356,633 shares of the company’s stock after buying an additional 28,883 shares during the quarter. Stonebridge Financial Group LLC’s holdings in Capital Group Municipal Income ETF were worth $9,797,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of CGMU. Capital International Investors boosted its stake in shares of Capital Group Municipal Income ETF by 1.6% in the 4th quarter. Capital International Investors now owns 46,328,510 shares of the company’s stock valued at $1,268,475,000 after purchasing an additional 743,875 shares in the last quarter. Morgan Stanley grew its holdings in shares of Capital Group Municipal Income ETF by 38.2% in the 4th quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock worth $246,192,000 after purchasing an additional 2,484,296 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Capital Group Municipal Income ETF by 15.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock worth $207,989,000 after purchasing an additional 998,606 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 worth $184,996,000 after purchasing an additional 1,479,528 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Capital Group Municipal Income ETF by 17.3% during the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares during the last quarter.
Capital Group Municipal Income ETF Stock Performance
NYSEARCA:CGMU opened at $27.02 on Tuesday. Capital Group Municipal Income ETF has a 12 month low of $26.71 and a 12 month high of $27.93. The company’s 50-day moving average price is $27.35 and its two-hundred day moving average price is $27.44.
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.
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