Envestnet Asset Management Inc. Acquires 9,561,280 Shares of Capital Group Municipal High-Income ETF $CGHM

Envestnet Asset Management Inc. lifted its holdings in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 15,962.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,621,180 shares of the company’s stock after purchasing an additional 9,561,280 shares during the period. Envestnet Asset Management Inc. owned about 10.48% of Capital Group Municipal High-Income ETF worth $243,320,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in CGHM. Royal Bank of Canada boosted its position in Capital Group Municipal High-Income ETF by 113.5% during the first quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock valued at $2,080,000 after buying an additional 44,104 shares during the period. Jane Street Group LLC lifted its stake in shares of Capital Group Municipal High-Income ETF by 349.1% in the 1st quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after acquiring an additional 72,817 shares during the last quarter. Financial Connections Group Inc. bought a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at about $1,061,000. Harbour Investments Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 3.3% during the 2nd quarter. Harbour Investments Inc. now owns 21,953 shares of the company’s stock valued at $541,000 after acquiring an additional 705 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new stake in Capital Group Municipal High-Income ETF during the 2nd quarter valued at about $66,000.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of Capital Group Municipal High-Income ETF stock opened at $25.68 on Friday. The business’s 50 day simple moving average is $25.54 and its two-hundred day simple moving average is $25.27. Capital Group Municipal High-Income ETF has a one year low of $23.45 and a one year high of $25.73.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a $0.0635 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, January 30th.

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.