Northwestern Mutual Wealth Management Co. Buys 998,606 Shares of Capital Group Municipal Income ETF $CGMU

Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,596,372 shares of the company’s stock after buying an additional 998,606 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 4.15% of Capital Group Municipal Income ETF worth $207,989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CGMU. Assetmark Inc. lifted its position in shares of Capital Group Municipal Income ETF by 11.6% in the fourth quarter. Assetmark Inc. now owns 1,207,850 shares of the company’s stock worth $33,071,000 after purchasing an additional 125,592 shares in the last quarter. Confluence Wealth Services Inc. lifted its position in Capital Group Municipal Income ETF by 49.8% during the 4th quarter. Confluence Wealth Services Inc. now owns 1,117,976 shares of the company’s stock worth $30,610,000 after buying an additional 371,573 shares in the last quarter. Bank of Marin bought a new stake in Capital Group Municipal Income ETF during the 3rd quarter worth about $607,000. Legacy Private Trust Co. bought a new stake in Capital Group Municipal Income ETF during the 4th quarter worth about $2,484,000. Finally, Envestnet Asset Management Inc. lifted its position in Capital Group Municipal Income ETF by 18.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,998,302 shares of the company’s stock worth $272,854,000 after buying an additional 1,573,897 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA:CGMU opened at $27.39 on Friday. Capital Group Municipal Income ETF has a one year low of $26.48 and a one year high of $27.93. The company’s 50-day moving average price is $27.32 and its two-hundred day moving average price is $27.46.

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.