Capital Group Municipal Income ETF $CGMU Stock Position Lifted by Royal Bank of Canada

Royal Bank of Canada boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 17.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,352,529 shares of the company’s stock after acquiring an additional 199,108 shares during the period. Royal Bank of Canada’s holdings in Capital Group Municipal Income ETF were worth $36,721,000 at the end of the most recent quarter.

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

Capital Group Municipal Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGMU opened at $27.02 on Tuesday. Capital Group Municipal Income ETF has a one year low of $26.71 and a one year high of $27.93. The stock has a fifty day moving average of $27.35 and a 200-day moving average of $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.