Founders Financial Alliance LLC Purchases New Shares in Capital Group Municipal High-Income ETF $CGHM

Founders Financial Alliance LLC acquired a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 30,000 shares of the company’s stock, valued at approximately $759,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Municipal High-Income ETF by 15,962.1% in the third 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 in the last quarter. Assetmark Inc. acquired a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth approximately $27,175,000. Confluence Wealth Services Inc. increased its holdings in shares of Capital Group Municipal High-Income ETF by 2.9% during the third quarter. Confluence Wealth Services Inc. now owns 631,391 shares of the company’s stock worth $15,968,000 after purchasing an additional 17,532 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Capital Group Municipal High-Income ETF by 13.8% in the third 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 in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at approximately $13,292,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of NYSEARCA:CGHM opened at $25.85 on Wednesday. The business’s 50 day simple moving average is $25.59 and its 200 day simple moving average is $25.36. Capital Group Municipal High-Income ETF has a 1 year low of $23.45 and a 1 year high of $25.86.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a $0.0635 dividend. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

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.