Capital Group Municipal High-Income ETF $CGHM Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 88.5% during the third quarter, Holdings Channel reports. The firm owned 130,502 shares of the company’s stock after buying an additional 61,272 shares during the quarter. Jones Financial Companies Lllp’s holdings in Capital Group Municipal High-Income ETF were worth $3,301,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGHM. Confluence Wealth Services Inc. boosted its position in shares of Capital Group Municipal High-Income ETF by 2.9% in the 3rd quarter. Confluence Wealth Services Inc. now owns 631,391 shares of the company’s stock worth $15,968,000 after buying an additional 17,532 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings 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 acquiring an additional 72,791 shares in the last quarter. Truist Financial Corp acquired a new position in Capital Group Municipal High-Income ETF during the third quarter worth about $13,292,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $7,598,000. Finally, Strata Wealth Advisors LLC lifted its holdings in shares of Capital Group Municipal High-Income ETF by 1,393.0% in the second quarter. Strata Wealth Advisors LLC now owns 276,334 shares of the company’s stock valued at $6,807,000 after purchasing an additional 257,825 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM opened at $25.66 on Friday. The firm has a 50 day simple moving average of $25.54 and a 200-day simple moving average of $25.28. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.73.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Shareholders of record on Friday, January 30th were given a dividend of $0.0635 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) annualized dividend and a yield of 3.0%.

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.