Capital Group Municipal Income ETF (NYSEARCA:CGMU) Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. grew its holdings in Capital Group Municipal Income ETF (NYSEARCA:CGMU) by 624.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,890 shares of the company’s stock after purchasing an additional 29,211 shares during the period. Cullen Frost Bankers Inc.’s holdings in Capital Group Municipal Income ETF were worth $909,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors lifted its holdings in shares of Capital Group Municipal Income ETF by 2.9% during the fourth quarter. Capital International Investors now owns 39,111,005 shares of the company’s stock valued at $1,052,868,000 after acquiring an additional 1,120,266 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Capital Group Municipal Income ETF by 8.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,406,932 shares of the company’s stock worth $198,654,000 after purchasing an additional 586,717 shares in the last quarter. LPL Financial LLC grew its holdings in Capital Group Municipal Income ETF by 33.1% in the 4th quarter. LPL Financial LLC now owns 2,466,898 shares of the company’s stock valued at $66,409,000 after buying an additional 613,618 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Capital Group Municipal Income ETF by 6.8% during the 4th quarter. Cetera Investment Advisers now owns 2,316,401 shares of the company’s stock worth $62,358,000 after purchasing an additional 147,350 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Capital Group Municipal Income ETF by 35.8% in the fourth quarter. Wells Fargo & Company MN now owns 2,018,323 shares of the company’s stock valued at $54,333,000 after buying an additional 531,846 shares in the last quarter.

Capital Group Municipal Income ETF Stock Performance

Shares of CGMU opened at $26.63 on Friday. The business has a 50-day moving average of $26.63 and a 200-day moving average of $26.78. Capital Group Municipal Income ETF has a 1 year low of $25.83 and a 1 year high of $27.54.

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.