NewEdge Advisors LLC increased its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) by 86.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 69,752 shares of the company’s stock after buying an additional 32,283 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Municipal High-Income ETF were worth $1,766,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Capital Group Municipal High-Income ETF by 113.5% during the 1st 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 raised its position in shares of Capital Group Municipal High-Income ETF by 349.1% during the 1st quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock worth $2,348,000 after buying an additional 72,817 shares in the last quarter. Sei Investments Co. bought a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth about $927,000. Raymond James Financial Inc. lifted its stake in shares of Capital Group Municipal High-Income ETF by 31.6% in the 2nd quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after acquiring an additional 35,545 shares during the period. Finally, Bank of America Corp DE acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth approximately $34,000.
Capital Group Municipal High-Income ETF Trading Down 0.3%
Capital Group Municipal High-Income ETF stock opened at $25.51 on Friday. Capital Group Municipal High-Income ETF has a 12-month low of $24.47 and a 12-month high of $30.00. The firm has a 50 day simple moving average of $25.70 and a 200-day simple moving average of $25.64.
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.
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