MML Investors Services LLC Raises Position in Capital Group Municipal Income ETF $CGMU

MML Investors Services LLC lifted its stake in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 12.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,377,012 shares of the company’s stock after buying an additional 265,406 shares during the period. MML Investors Services LLC owned approximately 1.30% of Capital Group Municipal Income ETF worth $65,083,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital International Investors lifted its stake in shares of Capital Group Municipal Income ETF by 1.6% in the fourth quarter. Capital International Investors now owns 46,328,510 shares of the company’s stock worth $1,268,475,000 after acquiring an additional 743,875 shares in the last quarter. Morgan Stanley lifted its stake in shares of Capital Group Municipal Income ETF by 38.2% in the fourth 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Capital Group Municipal Income ETF by 15.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock worth $207,989,000 after acquiring an additional 998,606 shares in the last quarter. LPL Financial LLC raised its stake 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 valued at $184,996,000 after buying an additional 1,479,528 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Capital Group Municipal Income ETF by 16.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,742,102 shares of the company’s stock valued at $129,839,000 after buying an additional 679,217 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of NYSEARCA CGMU opened at $27.42 on Tuesday. The stock’s 50 day moving average price is $27.36 and its two-hundred day moving average price is $27.46. 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.