Commonwealth Equity Services LLC Acquires 72,791 Shares of Capital Group Municipal High-Income ETF $CGHM

Commonwealth Equity Services LLC increased its holdings in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 13.8% in the third quarter, Holdings Channel reports. The institutional investor owned 598,566 shares of the company’s stock after buying an additional 72,791 shares during the period. Commonwealth Equity Services LLC’s holdings in Capital Group Municipal High-Income ETF were worth $15,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Capital Group Municipal High-Income ETF by 113.5% in the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock valued at $2,080,000 after purchasing an additional 44,104 shares during the last quarter. Jane Street Group LLC boosted its position in Capital Group Municipal High-Income ETF by 349.1% during the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after acquiring an additional 72,817 shares during the last quarter. Jacobi Capital Management LLC bought a new stake in Capital Group Municipal High-Income ETF in the first quarter worth approximately $516,000. Thrive Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF during the second quarter worth $346,000. Finally, LongView Wealth Management acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at about $899,000.

Capital Group Municipal High-Income ETF Trading Up 0.1%

Shares of CGHM opened at $25.62 on Friday. The business’s fifty day moving average is $25.52 and its 200 day moving average is $25.13. Capital Group Municipal High-Income ETF has a 12-month low of $23.45 and a 12-month high of $25.73.

Capital Group Municipal High-Income ETF Increases Dividend

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

About Capital Group Municipal High-Income ETF

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.