Fifth Third Bancorp Invests $4.27 Million in Capital Group Municipal Income ETF $CGMU

Fifth Third Bancorp purchased a new stake in shares of Capital Group Municipal Income ETF (NYSEARCA:CGMU) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 157,131 shares of the company’s stock, valued at approximately $4,266,000. Fifth Third Bancorp owned about 0.07% of Capital Group Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors grew its holdings in Capital Group Municipal Income ETF by 1.6% during the fourth quarter. Capital International Investors now owns 46,328,510 shares of the company’s stock worth $1,268,475,000 after purchasing an additional 743,875 shares during the period. Morgan Stanley increased its holdings in shares of Capital Group Municipal Income ETF by 38.2% during the fourth quarter. Morgan Stanley now owns 8,991,680 shares of the company’s stock worth $246,192,000 after purchasing an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Municipal Income ETF by 15.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,596,372 shares of the company’s stock worth $207,989,000 after purchasing an additional 998,606 shares during the period. LPL Financial LLC raised its position in shares of Capital Group Municipal Income ETF by 28.0% in 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 holdings in Capital Group Municipal Income ETF by 16.7% in the 4th quarter. Wells Fargo & Company MN now owns 4,742,102 shares of the company’s stock valued at $129,839,000 after acquiring an additional 679,217 shares in the last quarter.

Capital Group Municipal Income ETF Stock Up 0.0%

CGMU opened at $27.33 on Friday. The company has a 50-day simple moving average of $27.38 and a 200 day simple moving average of $27.47. Capital Group Municipal Income ETF has a twelve month low of $26.58 and a twelve month 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.