Envestnet Asset Management Inc. Acquires 53,638 Shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU)

Envestnet Asset Management Inc. increased its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 18.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 342,877 shares of the company’s stock after buying an additional 53,638 shares during the period. Envestnet Asset Management Inc. owned about 10.08% of Capital Group Municipal Income ETF worth $9,148,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Commonwealth Equity Services LLC raised its stake in Capital Group Municipal Income ETF by 45.0% in the first quarter. Commonwealth Equity Services LLC now owns 637,443 shares of the company’s stock worth $17,007,000 after buying an additional 197,973 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Capital Group Municipal Income ETF during the first quarter worth $2,501,000. Pillar Wealth Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 121.5% during the first quarter. Pillar Wealth Advisors LLC now owns 380,954 shares of the company’s stock worth $10,164,000 after purchasing an additional 208,993 shares in the last quarter. New England Capital Financial Advisors LLC increased its position in shares of Capital Group Municipal Income ETF by 6.3% during the first quarter. New England Capital Financial Advisors LLC now owns 95,854 shares of the company’s stock worth $2,557,000 after purchasing an additional 5,697 shares in the last quarter. Finally, Lincoln National Corp increased its position in shares of Capital Group Municipal Income ETF by 173.6% during the first quarter. Lincoln National Corp now owns 55,087 shares of the company’s stock worth $1,470,000 after purchasing an additional 34,954 shares in the last quarter.

Capital Group Municipal Income ETF Stock Down 0.0 %

Shares of CGMU stock opened at $26.16 on Thursday. The business’s fifty day simple moving average is $26.40 and its 200-day simple moving average is $26.49. Capital Group Municipal Income ETF has a 12-month low of $25.12 and a 12-month high of $28.10.

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.