Royal Bank of Canada Buys 163,290 Shares of Capital Group Municipal High-Income ETF $CGHM

Royal Bank of Canada boosted its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 20.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 973,146 shares of the company’s stock after acquiring an additional 163,290 shares during the period. Royal Bank of Canada owned 0.86% of Capital Group Municipal High-Income ETF worth $24,640,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CGHM. Cambridge Investment Research Advisors Inc. increased its stake in shares of Capital Group Municipal High-Income ETF by 835.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,643,882 shares of the company’s stock worth $41,886,000 after purchasing an additional 1,468,177 shares in the last quarter. LPL Financial LLC lifted its stake in shares of Capital Group Municipal High-Income ETF by 52.7% during the 4th quarter. LPL Financial LLC now owns 2,976,899 shares of the company’s stock valued at $75,851,000 after buying an additional 1,027,974 shares in the last quarter. Capital International Investors lifted its stake in shares of Capital Group Municipal High-Income ETF by 1.5% during the 4th quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock valued at $1,512,570,000 after buying an additional 883,760 shares in the last quarter. Aprio Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF in the 4th quarter worth $16,422,000. Finally, J. Derek Lewis & Associates Inc. bought a new position in Capital Group Municipal High-Income ETF in the 4th quarter worth $13,436,000.

Capital Group Municipal High-Income ETF Price Performance

NYSEARCA:CGHM opened at $25.45 on Wednesday. The business’s 50-day simple moving average is $25.73 and its two-hundred day simple moving average is $25.65. Capital Group Municipal High-Income ETF has a 52 week low of $24.45 and a 52 week high of $30.00.

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.