Cullen Frost Bankers Inc. Purchases New Position in Capital Group Municipal High-Income ETF $CGHM

Cullen Frost Bankers Inc. purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 90,183 shares of the company’s stock, valued at approximately $2,281,000. Cullen Frost Bankers Inc. owned 0.10% of Capital Group Municipal High-Income ETF as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE acquired a new position in shares of Capital Group Municipal High-Income ETF in the second quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV boosted its stake 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 acquired a new position in Capital Group Municipal High-Income ETF in the 2nd quarter valued at $66,000. Farther Finance Advisors LLC bought a new position in Capital Group Municipal High-Income ETF during the 3rd quarter worth $93,000. Finally, Geneos Wealth Management Inc. increased its position in Capital Group Municipal High-Income ETF by 2,451.6% during the 2nd quarter. Geneos Wealth Management Inc. now owns 5,537 shares of the company’s stock worth $136,000 after buying an additional 5,320 shares during the period.

Capital Group Municipal High-Income ETF Price Performance

CGHM opened at $25.60 on Tuesday. The stock has a fifty day moving average of $25.54 and a 200-day moving average of $25.21. Capital Group Municipal High-Income ETF has a fifty-two week low of $23.45 and a fifty-two week high of $25.73.

Capital Group Municipal High-Income ETF Increases Dividend

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

Capital Group Municipal High-Income ETF Company 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.