KWB Wealth lowered its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 64.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,184 shares of the company’s stock after selling 24,350 shares during the period. KWB Wealth’s holdings in Capital Group Municipal Income ETF were worth $362,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CGMU. Morgan Stanley lifted its holdings in shares of Capital Group Municipal Income ETF by 38.2% during the 4th quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after purchasing an additional 2,484,296 shares during 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 worth $180,053,000 after buying an additional 1,620,219 shares during the last quarter. LPL Financial LLC increased its position 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 buying an additional 1,479,528 shares in the last quarter. Blue Chip Partners LLC increased its position 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 valued at $40,513,000 after buying an additional 1,448,696 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after buying an additional 924,704 shares during the last quarter.
Capital Group Municipal Income ETF Price Performance
Shares of NYSEARCA CGMU opened at $27.13 on Tuesday. The business has a 50-day simple moving average of $27.33 and a two-hundred day simple moving average of $27.43. Capital Group Municipal Income ETF has a fifty-two week low of $26.72 and a fifty-two week high of $27.93.
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.
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