J. Derek Lewis & Associates Inc. Buys Shares of 527,322 Capital Group Municipal High-Income ETF $CGHM

J. Derek Lewis & Associates Inc. purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 527,322 shares of the company’s stock, valued at approximately $13,436,000. Capital Group Municipal High-Income ETF accounts for 3.1% of J. Derek Lewis & Associates Inc.’s investment portfolio, making the stock its 11th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Capital Group Municipal High-Income ETF during the second quarter worth $34,000. CIBC Private Wealth Group LLC bought a new stake in Capital Group Municipal High-Income ETF in the third quarter valued at about $48,000. Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF in the third quarter valued at about $61,000. Camelot Portfolios LLC acquired a new position in Capital Group Municipal High-Income ETF in the fourth quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in Capital Group Municipal High-Income ETF during the fourth quarter worth about $68,000.

Capital Group Municipal High-Income ETF Stock Performance

Shares of CGHM opened at $25.84 on Friday. Capital Group Municipal High-Income ETF has a 1 year low of $24.29 and a 1 year high of $30.00. The stock’s 50-day moving average price is $25.63 and its two-hundred day moving average price is $25.60.

Capital Group Municipal High-Income ETF Company 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.