Capital Group Municipal Income ETF $CGMU Stock Position Boosted by New England Capital Financial Advisors LLC

New England Capital Financial Advisors LLC grew its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 81.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,765 shares of the company’s stock after acquiring an additional 127,249 shares during the period. Capital Group Municipal Income ETF comprises approximately 2.1% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. New England Capital Financial Advisors LLC owned approximately 0.13% of Capital Group Municipal Income ETF worth $7,677,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Capital International Investors grew its stake in Capital Group Municipal Income ETF by 1.6% in 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 in the last quarter. Morgan Stanley raised its position in 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group Municipal Income ETF by 15.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock worth $207,989,000 after buying an additional 998,606 shares during the period. LPL Financial LLC lifted its holdings in shares of Capital Group Municipal Income ETF by 28.0% in the 4th 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 during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Capital Group Municipal Income ETF by 16.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,742,102 shares of the company’s stock worth $129,839,000 after buying an additional 679,217 shares during the period.

Capital Group Municipal Income ETF Price Performance

CGMU opened at $27.49 on Friday. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month high of $27.93. The business’s fifty day simple moving average is $27.38 and its 200-day simple moving average is $27.47.

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.