Valmark Advisers Inc. Has $2.62 Million Stock Holdings in Capital Group Municipal Income ETF $CGMU

Valmark Advisers Inc. increased its stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 35.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 96,341 shares of the company’s stock after buying an additional 25,015 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Municipal Income ETF were worth $2,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors raised its holdings in Capital Group Municipal Income ETF by 1.6% in the 4th quarter. Capital International Investors now owns 46,328,510 shares of the company’s stock valued at $1,268,475,000 after acquiring an additional 743,875 shares during the period. Morgan Stanley boosted its holdings in shares of 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 acquiring an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Municipal Income ETF by 15.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock worth $207,989,000 after acquiring an additional 998,606 shares during the period. LPL Financial LLC grew its position in shares of Capital Group Municipal Income ETF by 28.0% in the fourth 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 during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Capital Group Municipal Income ETF by 16.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,742,102 shares of the company’s stock valued at $129,839,000 after purchasing an additional 679,217 shares during the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.40 on Monday. Capital Group Municipal Income ETF has a 1-year low of $26.58 and a 1-year high of $27.93. The business’s 50 day moving average is $27.38 and its 200-day moving average is $27.47.

Capital Group Municipal Income ETF 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.