Jacobi Capital Management LLC Invests $516,000 in Capital Group Municipal High-Income ETF $CGHM

Jacobi Capital Management LLC purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,608 shares of the company’s stock, valued at approximately $516,000.

Several other hedge funds also recently modified their holdings of the business. AdvisorNet Financial Inc increased its stake in shares of Capital Group Municipal High-Income ETF by 4.6% during the 1st quarter. AdvisorNet Financial Inc now owns 10,492 shares of the company’s stock worth $263,000 after purchasing an additional 459 shares during the last quarter. Betterment LLC increased its stake in shares of Capital Group Municipal High-Income ETF by 1.9% during the 1st quarter. Betterment LLC now owns 40,275 shares of the company’s stock worth $1,009,000 after purchasing an additional 748 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal High-Income ETF during the 1st quarter worth $26,000. Wood Tarver Financial Group LLC acquired a new position in shares of Capital Group Municipal High-Income ETF during the 4th quarter worth $39,000. Finally, Harbour Investments Inc. grew its stake in Capital Group Municipal High-Income ETF by 15.6% in the 1st quarter. Harbour Investments Inc. now owns 21,248 shares of the company’s stock valued at $532,000 after buying an additional 2,865 shares during the last quarter.

Capital Group Municipal High-Income ETF Trading Up 0.0%

NYSEARCA:CGHM opened at $25.31 on Friday. Capital Group Municipal High-Income ETF has a 1 year low of $23.45 and a 1 year high of $25.98. The firm’s fifty day simple moving average is $24.59 and its 200 day simple moving average is $24.70.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 2nd. Investors of record on Friday, August 29th were paid a $0.0185 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 0.9%.

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.