Penney Financial LLC Has $5.03 Million Holdings in Capital Group Municipal Income ETF $CGMU

Penney Financial LLC grew its position in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 185,115 shares of the company’s stock after purchasing an additional 21,030 shares during the quarter. Capital Group Municipal Income ETF comprises approximately 1.9% of Penney Financial LLC’s investment portfolio, making the stock its 14th biggest position. Penney Financial LLC’s holdings in Capital Group Municipal Income ETF were worth $5,026,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Capital International Investors lifted its holdings in Capital Group Municipal Income ETF by 14.8% during the 3rd quarter. Capital International Investors now owns 45,584,635 shares of the company’s stock worth $1,244,005,000 after purchasing an additional 5,890,074 shares during the last quarter. Morgan Stanley grew its holdings in Capital Group Municipal Income ETF by 38.2% in the 4th quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock valued at $246,192,000 after buying an additional 2,484,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 worth $180,053,000 after buying an additional 1,620,219 shares during the period. LPL Financial LLC lifted its holdings in shares of 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 buying an additional 1,479,528 shares in the last quarter. Finally, Blue Chip Partners LLC lifted its holdings in shares of 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 buying an additional 1,448,696 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.50 on Monday. The firm has a 50-day moving average of $27.38 and a 200-day moving average of $27.47. Capital Group Municipal Income ETF has a 52-week low of $26.58 and a 52-week 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.