Cornerstone Advisors Asset Management LLC Has $4.90 Million Stock Holdings in Capital Group Municipal Income ETF $CGMU

Cornerstone Advisors Asset Management LLC boosted its holdings in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 14.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 180,439 shares of the company’s stock after acquiring an additional 23,002 shares during the quarter. Cornerstone Advisors Asset Management LLC’s holdings in Capital Group Municipal Income ETF were worth $4,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Morgan Stanley increased its holdings 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock valued at $180,053,000 after purchasing an additional 1,620,219 shares during the last quarter. LPL Financial LLC boosted its position in Capital Group Municipal Income ETF by 28.0% during the fourth quarter. LPL Financial LLC now owns 6,756,622 shares of the company’s stock worth $184,996,000 after purchasing an additional 1,479,528 shares during the period. Blue Chip Partners LLC boosted its position in Capital Group Municipal Income ETF by 2,093.0% during the second quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock worth $40,513,000 after purchasing an additional 1,448,696 shares during the period. Finally, Aprio Wealth Management LLC acquired a new position in shares of Capital Group Municipal Income ETF in the fourth quarter valued at $22,189,000.

Capital Group Municipal Income ETF Stock Performance

NYSEARCA:CGMU opened at $27.33 on Monday. The firm’s fifty day moving average price is $27.38 and its two-hundred day moving average price is $27.47. Capital Group Municipal Income ETF has a one year low of $26.58 and a one year 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.