Stonebridge Financial Group LLC increased its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU – Free Report) by 114.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 765,597 shares of the company’s stock after buying an additional 408,964 shares during the quarter. Capital Group Municipal Income ETF accounts for approximately 1.4% of Stonebridge Financial Group LLC’s portfolio, making the stock its 21st largest holding. Stonebridge Financial Group LLC owned 0.30% of Capital Group Municipal Income ETF worth $19,860,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in CGMU. LPL Financial LLC raised its position in Capital Group Municipal Income ETF by 28.0% in the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after acquiring an additional 1,479,528 shares during the period. Bank of America Corp DE increased its stake in shares of Capital Group Municipal Income ETF by 119.9% during the 1st quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock worth $46,052,000 after purchasing an additional 924,704 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Capital Group Municipal Income ETF by 6.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,701,352 shares of the company’s stock worth $376,376,000 after purchasing an additional 859,323 shares during the period. J. Derek Lewis & Associates Inc. purchased a new position in Capital Group Municipal Income ETF in the fourth quarter valued at approximately $20,504,000. Finally, Capital International Investors grew its holdings in Capital Group Municipal Income ETF by 1.6% during the fourth 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 during the period.
Capital Group Municipal Income ETF Stock Performance
NYSEARCA:CGMU traded up $0.08 during trading hours on Thursday, reaching $26.02. The stock had a trading volume of 4,324,716 shares, compared to its average volume of 1,344,235. The stock has a 50 day simple moving average of $26.82 and a 200 day simple moving average of $27.17. Capital Group Municipal Income ETF has a 12-month low of $25.73 and a 12-month high of $27.93.
Capital Group Municipal Income ETF Increases Dividend
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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