Western Wealth Management LLC Grows Position in Capital Group Municipal Income ETF $CGMU

Western Wealth Management LLC lifted its position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 91.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 59,505 shares of the company’s stock after purchasing an additional 28,404 shares during the period. Western Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $1,616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. 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 valued at $246,192,000 after acquiring an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after purchasing an additional 1,620,219 shares during the period. LPL Financial LLC increased its holdings in 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 valued at $184,996,000 after purchasing an additional 1,479,528 shares in the last quarter. Blue Chip Partners LLC increased its holdings in Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after purchasing an additional 1,448,696 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Capital Group Municipal Income ETF by 119.9% in the first quarter. Bank of America Corp DE now owns 1,696,201 shares of the company’s stock valued at $46,052,000 after purchasing an additional 924,704 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $27.00 on Friday. The stock’s 50-day moving average is $27.35 and its two-hundred day moving average is $27.45. Capital Group Municipal Income ETF has a 12 month low of $26.59 and a 12 month high of $27.93.

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.