WNY Asset Management LLC Purchases New Position in Capital Group Municipal Income ETF $CGMU

WNY Asset Management LLC bought a new stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 106,638 shares of the company’s stock, valued at approximately $2,895,000. WNY Asset Management LLC owned 0.05% of Capital Group Municipal Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors raised its position in shares of 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 acquiring an additional 743,875 shares during the period. Morgan Stanley boosted its stake in shares of 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 worth $246,192,000 after acquiring an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Municipal Income ETF by 15.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock valued at $207,989,000 after acquiring an additional 998,606 shares during the period. LPL Financial LLC increased its stake 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 valued at $184,996,000 after purchasing an additional 1,479,528 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of Capital Group Municipal Income ETF by 17.3% in the 1st quarter. Cetera Investment Advisers now owns 4,877,693 shares of the company’s stock valued at $132,429,000 after purchasing an additional 720,377 shares in the last quarter.

Capital Group Municipal Income ETF Trading Down 0.4%

Shares of CGMU stock opened at $27.00 on Friday. The business’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.