Capital Group Municipal High-Income ETF $CGHM Shares Newly Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 76,041 shares of the company’s stock, valued at approximately $1,830,000. Wedbush Securities Inc. owned about 0.05% of Capital Group Municipal High-Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Capital Group Municipal High-Income ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock valued at $343,757,000 after buying an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers boosted its position in Capital Group Municipal High-Income ETF by 17.4% during the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after buying an additional 370,741 shares during the period. Kestra Advisory Services LLC boosted its position in Capital Group Municipal High-Income ETF by 513.2% during the 1st quarter. Kestra Advisory Services LLC now owns 438,921 shares of the company’s stock worth $11,113,000 after buying an additional 367,340 shares during the period. Strata Wealth Advisors LLC increased its position in Capital Group Municipal High-Income ETF by 86.3% in the 3rd quarter. Strata Wealth Advisors LLC now owns 731,072 shares of the company’s stock valued at $17,597,000 after acquiring an additional 338,728 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Capital Group Municipal High-Income ETF by 28.1% during the first quarter. Janney Montgomery Scott LLC now owns 927,408 shares of the company’s stock valued at $23,482,000 after acquiring an additional 203,278 shares during the last quarter.

Capital Group Municipal High-Income ETF Price Performance

CGHM stock opened at $24.70 on Monday. The company has a fifty day moving average price of $24.70 and a 200-day moving average price of $25.31. Capital Group Municipal High-Income ETF has a 52-week low of $23.81 and a 52-week high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a $0.0884 dividend. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758. This represents a $1.06 dividend on an annualized basis and a yield of 4.3%.

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.