Capital Group Municipal High-Income ETF $CGHM Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 13.8% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 598,566 shares of the company’s stock after purchasing an additional 72,791 shares during the period. Commonwealth Equity Services LLC owned 0.67% of Capital Group Municipal High-Income ETF worth $15,138,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE bought a new stake in Capital Group Municipal High-Income ETF in the second quarter valued at $34,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal High-Income ETF by 203.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock worth $45,000 after buying an additional 1,218 shares in the last quarter. Opal Wealth Advisors LLC grew its holdings in shares of Capital Group Municipal High-Income ETF by 97.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after acquiring an additional 1,022 shares during the last quarter. EQ Wealth Advisors LLC acquired a new stake in Capital Group Municipal High-Income ETF during the 2nd quarter worth about $66,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 3rd quarter valued at approximately $93,000.

Capital Group Municipal High-Income ETF Trading Up 0.1%

Shares of CGHM stock opened at $25.62 on Friday. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.73. The stock’s fifty day simple moving average is $25.52 and its 200-day simple moving average is $25.13.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.113 dividend. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Wednesday, December 24th.

About Capital Group Municipal High-Income ETF

The Capital Group Municipal High-Income ETF (CGHM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund seeks a high level of tax-exempt current income by actively investing in lower rated, intermediate- to long-term Muni bonds. CGHM was launched on Jun 25, 2024 and is issued by Capital Group.