Cornerstone Advisors Asset Management LLC Buys 23,002 Shares of Capital Group Municipal Income ETF $CGMU

Cornerstone Advisors Asset Management LLC grew its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 14.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,439 shares of the company’s stock after buying an additional 23,002 shares during the quarter. Cornerstone Advisors Asset Management LLC owned 0.08% of Capital Group Municipal Income ETF worth $4,899,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CGMU. Jane Street Group LLC raised its holdings in shares of Capital Group Municipal Income ETF by 23.6% during the first quarter. Jane Street Group LLC now owns 228,094 shares of the company’s stock worth $6,117,000 after acquiring an additional 43,538 shares during the period. Cerity Partners LLC increased its holdings in Capital Group Municipal Income ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 60,202 shares of the company’s stock worth $1,607,000 after purchasing an additional 433 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Capital Group Municipal Income ETF by 105.7% during the 2nd quarter. NewEdge Advisors LLC now owns 123,537 shares of the company’s stock worth $3,297,000 after purchasing an additional 63,473 shares in the last quarter. Sei Investments Co. bought a new position in Capital Group Municipal Income ETF during the 2nd quarter worth about $6,154,000. Finally, Raymond James Financial Inc. raised its stake in shares of Capital Group Municipal Income ETF by 45.6% in the 2nd quarter. Raymond James Financial Inc. now owns 1,152,361 shares of the company’s stock valued at $30,757,000 after purchasing an additional 360,770 shares during the period.

Capital Group Municipal Income ETF Stock Performance

Shares of Capital Group Municipal Income ETF stock opened at $27.33 on Monday. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $27.47. Capital Group Municipal Income ETF has a one year low of $26.58 and a one year 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.