Envestnet Portfolio Solutions Inc. Acquires Shares of 300,448 Capital Group Municipal High-Income ETF $CGHM

Envestnet Portfolio Solutions Inc. acquired a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 300,448 shares of the company’s stock, valued at approximately $7,598,000. Envestnet Portfolio Solutions Inc. owned 0.33% of Capital Group Municipal High-Income ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CGHM. Bank of America Corp DE acquired a new position in shares of Capital Group Municipal High-Income ETF in the second quarter valued at about $34,000. Creative Financial Designs Inc. ADV boosted its holdings in Capital Group Municipal High-Income ETF by 203.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after purchasing an additional 1,218 shares during the period. EQ Wealth Advisors LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the second quarter worth approximately $66,000. Farther Finance Advisors LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at approximately $93,000. Finally, Geneos Wealth Management Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 2,451.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,537 shares of the company’s stock valued at $136,000 after buying an additional 5,320 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

Shares of NYSEARCA:CGHM opened at $25.58 on Friday. The business’s 50 day simple moving average is $25.53 and its 200 day simple moving average is $25.20. Capital Group Municipal High-Income ETF has a 1 year low of $23.45 and a 1 year high of $25.73.

Capital Group Municipal High-Income ETF Increases Dividend

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

Capital Group Municipal High-Income ETF Profile

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.