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Capital Group Municipal Income ETF
CGMU

246 hedge funds and large institutions have $3.49B invested in Capital Group Municipal Income ETF in 2025 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 150 increasing their positions, 43 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

260% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 10

249% more repeat investments, than reductions

Existing positions increased: 150 | Existing positions reduced: 43

25% more funds holding in top 10

Funds holding in top 10: 4 → 5 (+1)

22% more capital invested

Capital invested by funds: $2.85B → $3.49B (+$635M)

9% more funds holding

Funds holding: 225 → 246 (+21)

0.86% more ownership

Funds ownership: 85.05% → 85.91% (+0.86%)

Holders
246
Holders Change
+21
Holders Change %
+9.33%
% of All Funds
3.23%
Holding in Top 10
5
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+25%
% of All Funds
0.07%
New
36
Increased
150
Reduced
43
Closed
10
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$158M
2
Morgan Stanley
Morgan Stanley
New York
+$48M
3
Northwestern Mutual Wealth Management
Northwestern Mutual Wealth Management
Wisconsin
+$43.6M
4
LPL Financial
LPL Financial
California
+$43.1M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
+$42.3M

Top Sellers

1
VAS
Vestmark Advisory Solutions
Massachusetts
-$23.9M
2
KAS
Kestra Advisory Services
Texas
-$7.69M
3
Jane Street
Jane Street
New York
-$5.75M
4
JP Morgan Chase
JP Morgan Chase
New York
-$5.33M
5
SW
Simplicity Wealth
New Jersey
-$1.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
US Bancorp
226
US Bancorp
Minnesota
$169K +$166K +6,180 New
FP
227
Financial Perspectives
Minnesota
$153K +$16.5K +613 +12%
ASN
228
Advisory Services Network
Georgia
$129K +$127K +4,732 New
FFA
229
Farther Finance Advisors
California
$125K +$123K +4,585 New
BFS
230
Bare Financial Services
Pennsylvania
$105K +$860 +32 +0.8%
RFP
231
Root Financial Partners
California
$102K +$101K +3,750 New
GSWM
232
Golden State Wealth Management
California
$92.8K +$780 +29 +0.9%
AG
233
AmeriFlex Group
Nevada
$66.9K +$65.9K +2,450 New
SS
234
Sunbelt Securities
Texas
$64.8K -$117K -4,356 -65%
CIBC Private Wealth Group
235
CIBC Private Wealth Group
Georgia
$57.9K +$57K +2,120 New
PB
236
Pinnacle Bancorp
Nebraska
$53.5K – – –
CWP
237
Clark Wealth Partners
Illinois
$48.4K +$47.5K +1,768 New
MHR
238
Matthew Hamilton Rosenberg
$44.4K -$4.06K -151 -8%
SAM
239
Smartleaf Asset Management
Massachusetts
$42.3K +$41.9K +1,559 New
SWM
240
Spire Wealth Management
Virginia
$25.3K – – –
CIAS
241
Capital Investment Advisory Services
North Carolina
$10.5K +$10.4K +386 New
CI
242
CX Institutional
Indiana
$10K +$9.6K +357 New
JFA
243
JNBA Financial Advisors
Minnesota
$8.66K +$54 +2 +0.6%
BC
244
Barrett & Company
Rhode Island
$8.19K – – –
MCM
245
MAI Capital Management
Ohio
$6.47K +$6.37K +237 New
HNB
246
Huntington National Bank
Ohio
$4.97K – – –
DFA
247
DHJJ Financial Advisors
Illinois
$1.64K – – –
KFGK
248
Keystone Financial Group (Kentucky)
Kentucky
– -$485K -18,182 Closed
PFGIA
249
Patriot Financial Group Insurance Agency
Massachusetts
– -$427K -15,993 Closed
FAIM
250
Financial Advocates Investment Management
Washington
– -$352K -13,201 Closed
7 8 9
10
11

CGMU Hedge Fund Activity: Q3 2025 in Review

246 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Capital Group Municipal Income ETF (CGMU) for Q3 2025, worth a combined $3.49B — up 22% from $2.85B a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new CGMU positions and 10 closed out — a net gain of 26 holders — while 150 added to existing stakes and 43 trimmed.

The largest buyer was Capital International Investors, adding an estimated $158M. The largest seller was Vestmark Advisory Solutions, cutting an estimated $23.9M.

  • 246 institutional investors held Capital Group Municipal Income ETF (CGMU) as of Q3 2025, up from 225 in Q2 2025.
  • Funds reported $3.49B of Capital Group Municipal Income ETF stock for Q3 2025, up 22% quarter-over-quarter.
  • 36 funds opened new Capital Group Municipal Income ETF positions in Q3 2025 and 10 closed out, a net change of +26 holders.
  • The largest Capital Group Municipal Income ETF buyer in Q3 2025 was Capital International Investors, an estimated $158M added.
  • The largest Capital Group Municipal Income ETF seller in Q3 2025 was Vestmark Advisory Solutions, an estimated $23.9M sold.

Based on aggregated 13F filings for Q3 2025.