Capital Group Municipal High-Income ETF $CGHM Shares Newly Acquired by Schmidt P J Investment Management Inc.

Schmidt P J Investment Management Inc. acquired a new stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, HoldingsChannel reports. The fund acquired 53,996 shares of the company’s stock, valued at approximately $1,300,000.

A number of other hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in Capital Group Municipal High-Income ETF by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock worth $343,757,000 after purchasing an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Capital Group Municipal High-Income ETF by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after purchasing an additional 370,741 shares in the last quarter. Assetmark Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 6.3% in the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after purchasing an additional 70,900 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Capital Group Municipal High-Income ETF by 20.2% during the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after buying an additional 163,290 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of Capital Group Municipal High-Income ETF by 17.2% during the 3rd quarter. Aprio Wealth Management LLC now owns 960,512 shares of the company’s stock valued at $23,120,000 after buying an additional 141,104 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA:CGHM opened at $24.89 on Thursday. The company has a fifty day simple moving average of $24.61 and a 200 day simple moving average of $25.37. Capital Group Municipal High-Income ETF has a 12-month low of $23.81 and a 12-month high of $30.00.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a $0.0853 dividend. This represents a $1.02 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 30th. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884.

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.