Valmark Advisers Inc. Has $4.56 Million Stock Position in Capital Group Municipal High-Income ETF $CGHM

Valmark Advisers Inc. boosted its position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 18.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,941 shares of the company’s stock after buying an additional 28,805 shares during the quarter. Valmark Advisers Inc. owned approximately 2.14% of Capital Group Municipal High-Income ETF worth $4,556,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. increased its position in Capital Group Municipal High-Income ETF by 13.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,539 shares of the company’s stock valued at $2,018,000 after acquiring an additional 9,704 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Capital Group Municipal High-Income ETF during the first quarter worth $209,000. Cetera Investment Advisers raised its position in Capital Group Municipal High-Income ETF by 97.4% during the first quarter. Cetera Investment Advisers now owns 31,774 shares of the company’s stock worth $796,000 after acquiring an additional 15,680 shares in the last quarter. LPL Financial LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $5,055,000. Finally, Oak Hill Wealth Advisors LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $299,000.

Capital Group Municipal High-Income ETF Stock Performance

CGHM stock opened at $25.33 on Wednesday. Capital Group Municipal High-Income ETF has a 52 week low of $23.45 and a 52 week high of $25.87. The company’s 50-day simple moving average is $24.89 and its 200 day simple moving average is $24.68.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.0814 dividend. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.02. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 3.9%.

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.