Assetmark Inc. Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

Assetmark Inc. purchased a new position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,074,537 shares of the company’s stock, valued at approximately $27,175,000. Assetmark Inc. owned 1.17% of Capital Group Municipal High-Income ETF at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGHM. Wedbush Securities Inc. bought a new stake in shares of Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $1,734,000. Prospera Financial Services Inc raised its holdings in shares of Capital Group Municipal High-Income ETF by 7.0% during the third quarter. Prospera Financial Services Inc now owns 29,174 shares of the company’s stock valued at $738,000 after acquiring an additional 1,904 shares in the last quarter. Continental Investors Services Inc. purchased a new stake in Capital Group Municipal High-Income ETF in the third quarter worth $1,108,000. Envestnet Asset Management Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 15,962.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,621,180 shares of the company’s stock valued at $243,320,000 after acquiring an additional 9,561,280 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Capital Group Municipal High-Income ETF during the 3rd quarter valued at $236,000.

Capital Group Municipal High-Income ETF Stock Up 0.2%

NYSEARCA:CGHM opened at $25.84 on Friday. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.84. The company has a 50-day moving average price of $25.57 and a 200-day moving average price of $25.33.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a $0.0635 dividend. This represents a c) annualized dividend and a dividend yield of 2.9%. 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.