Capital Group Municipal High-Income ETF $CGHM Shares Newly Purchased by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. bought a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,996 shares of the company’s stock, valued at approximately $1,300,000.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted 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 buying an additional 1,227,406 shares in the last quarter. Cetera Investment Advisers grew its stake in Capital Group Municipal High-Income ETF by 17.4% during the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after buying an additional 370,741 shares during the period. Assetmark Inc. increased its position in shares of 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 worth $30,373,000 after acquiring an additional 70,900 shares in the last quarter. Royal Bank of Canada increased its position in shares of 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 acquiring an additional 163,290 shares in the last quarter. Finally, Aprio Wealth Management LLC raised its stake in shares of Capital Group Municipal High-Income ETF by 17.2% in the 3rd quarter. Aprio Wealth Management LLC now owns 960,512 shares of the company’s stock valued at $23,120,000 after acquiring an additional 141,104 shares during the period.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $24.89 on Thursday. The company’s fifty day simple moving average is $24.61 and its 200-day simple moving average is $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 business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a $0.0853 dividend. The ex-dividend date was Friday, October 30th. This represents a $1.02 annualized dividend and a yield of 4.1%. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884.

Capital Group Municipal High-Income ETF Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Capital Group Municipal High-Income ETF (NYSEARCA:CGHM)

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