Uhlmann Price Securities LLC acquired a new position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,661 shares of the company’s stock, valued at approximately $618,000.
Several other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Capital Group Municipal High-Income ETF by 10.2% during the second quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock valued at $343,757,000 after acquiring an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Capital Group Municipal High-Income ETF by 17.4% in the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after acquiring an additional 370,741 shares during the period. Assetmark Inc. lifted its holdings in Capital Group Municipal High-Income ETF by 6.3% in the first quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after acquiring an additional 70,900 shares during the period. Commonwealth Equity Services LLC purchased a new position in Capital Group Municipal High-Income ETF in the third quarter worth about $24,190,000. Finally, Royal Bank of Canada boosted its position in Capital Group Municipal High-Income ETF by 20.2% in the first quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock worth $24,640,000 after purchasing an additional 163,290 shares during the last quarter.
Capital Group Municipal High-Income ETF Stock Performance
Capital Group Municipal High-Income ETF stock opened at $25.06 on Friday. The business has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $25.37. Capital Group Municipal High-Income ETF has a 52-week low of $23.81 and a 52-week high of $30.00.
Capital Group Municipal High-Income ETF Cuts Dividend
The firm also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0853 dividend. This is a drop from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884. The ex-dividend date was Friday, October 30th. This represents a $1.02 annualized dividend and a dividend yield of 4.1%.
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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