Capital Group Municipal Income ETF $CGMU Stake Boosted by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. raised its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 820,211 shares of the company’s stock after purchasing an additional 71,354 shares during the period. Capital Group Municipal Income ETF accounts for approximately 5.0% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 4th biggest holding. J. Derek Lewis & Associates Inc. owned about 0.39% of Capital Group Municipal Income ETF worth $22,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC grew its stake in Capital Group Municipal Income ETF by 23.6% during the 1st quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after buying an additional 43,538 shares during the last quarter. Cerity Partners LLC increased its position in Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock valued at $1,607,000 after buying an additional 433 shares in the last quarter. NewEdge Advisors LLC raised its stake in Capital Group Municipal Income ETF by 105.7% in the second quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after buying an additional 63,473 shares during the last quarter. Sei Investments Co. purchased a new stake in Capital Group Municipal Income ETF in the second quarter valued at about $6,154,000. Finally, Raymond James Financial Inc. raised its stake in Capital Group Municipal Income ETF by 45.6% in the second quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock valued at $30,757,000 after buying an additional 360,770 shares during the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of NYSEARCA CGMU opened at $27.12 on Friday. Capital Group Municipal Income ETF has a fifty-two week low of $26.59 and a fifty-two week high of $27.93. The business has a 50-day simple moving average of $27.36 and a two-hundred day simple moving average of $27.45.

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.