Stonebridge Financial Group LLC Buys 28,883 Shares of Capital Group Municipal Income ETF $CGMU

Stonebridge Financial Group LLC increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 8.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 356,633 shares of the company’s stock after acquiring an additional 28,883 shares during the period. Stonebridge Financial Group LLC owned 0.16% of Capital Group Municipal Income ETF worth $9,797,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors boosted its position 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 worth $1,268,475,000 after purchasing an additional 743,875 shares during the period. Morgan Stanley grew its position in Capital Group Municipal Income ETF by 38.2% during the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock worth $246,192,000 after buying an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings 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 boosted its stake in Capital Group Municipal Income ETF by 28.0% during the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after buying an additional 1,479,528 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after buying an additional 720,377 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.02 on Tuesday. The firm has a fifty day moving average of $27.35 and a 200-day moving average of $27.44. Capital Group Municipal Income ETF has a 52-week low of $26.71 and a 52-week 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.