Assetmark Inc. Takes $27.18 Million Position in Capital Group Municipal High-Income ETF $CGHM

Assetmark Inc. acquired a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, Holdings Channel reports. The firm acquired 1,074,537 shares of the company’s stock, valued at approximately $27,175,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Capital Group Municipal High-Income ETF during the third quarter valued at about $7,598,000. Commonwealth Equity Services LLC increased its stake in Capital Group Municipal High-Income ETF by 13.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 598,566 shares of the company’s stock valued at $15,138,000 after buying an additional 72,791 shares during the period. Advyzon Investment Management LLC bought a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth about $548,000. World Investment Advisors acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth approximately $268,000. Finally, Ascent Group LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $653,000.

Capital Group Municipal High-Income ETF Trading Up 0.2%

Shares of Capital Group Municipal High-Income ETF stock opened at $25.84 on Friday. Capital Group Municipal High-Income ETF has a 52 week low of $23.45 and a 52 week high of $25.84. The company’s 50-day moving average price is $25.57 and its two-hundred day moving average price is $25.33.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were paid a dividend of $0.0635 per share. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th.

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.