Sei Investments Co. Has $26.21 Million Holdings in Capital Group Municipal Income ETF $CGMU

Sei Investments Co. boosted its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 965,276 shares of the company’s stock after acquiring an additional 191,566 shares during the period. Sei Investments Co. owned 0.45% of Capital Group Municipal Income ETF worth $26,207,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGMU. Morgan Stanley raised its position 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 valued at $246,192,000 after purchasing an additional 2,484,296 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Capital Group Municipal Income ETF by 32.6% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 6,597,766 shares of the company’s stock worth $180,053,000 after buying an additional 1,620,219 shares during the period. LPL Financial LLC grew its stake in Capital Group Municipal Income ETF by 28.0% in the 4th 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 during the last quarter. Blue Chip Partners LLC grew its stake in Capital Group Municipal Income ETF by 2,093.0% in the 2nd quarter. Blue Chip Partners LLC now owns 1,517,911 shares of the company’s stock valued at $40,513,000 after buying an additional 1,448,696 shares during the last quarter. Finally, Aprio Wealth Management LLC bought a new position in Capital Group Municipal Income ETF in the 4th quarter valued at about $22,189,000.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU stock opened at $27.14 on Wednesday. The firm has a 50 day moving average price of $27.36 and a two-hundred day moving average price of $27.46. Capital Group Municipal Income ETF has a 12-month low of $26.59 and a 12-month 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.