Northwest Financial Advisors Increases Stake in Capital Group Municipal Income ETF $CGMU

Northwest Financial Advisors grew its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 47.9% during the 1st quarter, HoldingsChannel reports. The fund owned 78,144 shares of the company’s stock after acquiring an additional 25,298 shares during the quarter. Capital Group Municipal Income ETF makes up 4.1% of Northwest Financial Advisors’ investment portfolio, making the stock its 7th biggest position. Northwest Financial Advisors’ holdings in Capital Group Municipal Income ETF were worth $2,122,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Jane Street Group LLC lifted its position in Capital Group Municipal Income ETF by 23.6% in the first 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 last quarter. Cerity Partners LLC lifted its holdings in Capital Group Municipal Income ETF by 0.7% in 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 shares of Capital Group Municipal Income ETF by 105.7% in the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock valued at $3,297,000 after purchasing an additional 63,473 shares during the period. Sei Investments Co. purchased a new stake in Capital Group Municipal Income ETF in the second quarter worth $6,154,000. Finally, Raymond James Financial Inc. grew 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 worth $30,757,000 after purchasing an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Trading Down 0.0%

CGMU opened at $27.46 on Thursday. The stock has a fifty day simple moving average of $27.38 and a two-hundred day simple moving average of $27.47. Capital Group Municipal Income ETF has a 12-month low of $26.58 and a 12-month high of $27.93.

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.