Cambridge Investment Research Advisors Inc. Boosts Stock Position in Capital Group Municipal High-Income ETF $CGHM

Cambridge Investment Research Advisors Inc. boosted its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 835.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,643,882 shares of the company’s stock after buying an additional 1,468,177 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $41,886,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Capital International Investors boosted its holdings in Capital Group Municipal High-Income ETF by 77,872.4% during the 3rd quarter. Capital International Investors now owns 58,479,281 shares of the company’s stock valued at $1,478,941,000 after acquiring an additional 58,404,281 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 15,962.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,621,180 shares of the company’s stock valued at $243,320,000 after acquiring an additional 9,561,280 shares during the period. Vestmark Advisory Solutions Inc. purchased a new stake in Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $32,932,000. Assetmark Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 5.0% during the 4th quarter. Assetmark Inc. now owns 1,128,678 shares of the company’s stock valued at $28,759,000 after acquiring an additional 54,141 shares during the period. Finally, Confluence Wealth Services Inc. boosted its holdings in Capital Group Municipal High-Income ETF by 10.7% during the 4th quarter. Confluence Wealth Services Inc. now owns 698,946 shares of the company’s stock valued at $17,809,000 after acquiring an additional 67,555 shares during the period.

Capital Group Municipal High-Income ETF Stock Performance

Shares of CGHM stock opened at $25.41 on Monday. Capital Group Municipal High-Income ETF has a 1-year low of $24.29 and a 1-year high of $30.00. The business has a 50-day moving average of $25.54 and a 200 day moving average of $25.58.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0982 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06.

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.