Western Wealth Management LLC Raises Holdings 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% during the first quarter, Holdings Channel reports. The firm owned 59,505 shares of the company’s stock after acquiring an additional 28,404 shares during the quarter. Western Wealth Management LLC’s holdings in Capital Group Municipal Income ETF were worth $1,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jane Street Group LLC boosted its position in shares of Capital Group Municipal Income ETF by 23.6% in the 1st quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock valued at $6,117,000 after purchasing an additional 43,538 shares during the period. Cerity Partners LLC increased its position in Capital Group Municipal Income ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after buying an additional 433 shares during the period. NewEdge Advisors LLC lifted 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 approximately $6,154,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of 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 acquiring an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Stock Up 0.1%

Shares of Capital Group Municipal Income ETF stock opened at $27.19 on Thursday. The firm’s fifty day simple moving average is $27.32 and its 200-day simple moving average is $27.42. Capital Group Municipal Income ETF has a 12 month low of $26.72 and a 12 month high of $27.93.

About Capital Group Municipal Income ETF

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.