Fifth Third Bancorp Purchases Shares of 157,131 Capital Group Municipal Income ETF $CGMU

Fifth Third Bancorp acquired a new position in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 157,131 shares of the company’s stock, valued at approximately $4,266,000.

A number of other institutional investors have also added to or reduced their stakes in CGMU. Sovran Advisors LLC lifted its position in shares of Capital Group Municipal Income ETF by 22.8% during the first quarter. Sovran Advisors LLC now owns 85,746 shares of the company’s stock valued at $2,343,000 after purchasing an additional 15,893 shares in the last quarter. EQ Wealth Advisors LLC boosted its position in shares of Capital Group Municipal Income ETF by 3.4% in the first quarter. EQ Wealth Advisors LLC now owns 187,936 shares of the company’s stock valued at $5,102,000 after acquiring an additional 6,256 shares during the period. Simplicity Wealth LLC boosted its stake in Capital Group Municipal Income ETF by 4.9% during the first quarter. Simplicity Wealth LLC now owns 74,420 shares of the company’s stock valued at $2,021,000 after buying an additional 3,485 shares during the period. IMPACTfolio LLC purchased a new position in Capital Group Municipal Income ETF in the 1st quarter worth approximately $5,745,000. Finally, Robinson Smith Wealth Advisors LLC boosted its holdings in shares of Capital Group Municipal Income ETF by 5.2% in the 1st quarter. Robinson Smith Wealth Advisors LLC now owns 349,684 shares of the company’s stock worth $9,494,000 after purchasing an additional 17,277 shares in the last quarter.

Capital Group Municipal Income ETF Price Performance

NYSEARCA CGMU opened at $27.33 on Friday. Capital Group Municipal Income ETF has a 1-year low of $26.58 and a 1-year high of $27.93. The stock has a 50-day moving average of $27.38 and a 200-day moving average of $27.47.

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.