Uhlmann Price Securities LLC Acquires Shares of 12,008 Capital Group Municipal High-Income ETF $CGHM

Uhlmann Price Securities LLC acquired a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the second quarter, HoldingsChannel reports. The institutional investor acquired 12,008 shares of the company’s stock, valued at approximately $296,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGHM. Cambridge Investment Research Advisors Inc. boosted 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 buying an additional 9,704 shares during the last quarter. Valmark Advisers Inc. boosted its position in Capital Group Municipal High-Income ETF by 16.5% in the 1st quarter. Valmark Advisers Inc. now owns 156,136 shares of the company’s stock valued at $3,913,000 after buying an additional 22,087 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Capital Group Municipal High-Income ETF in the 1st quarter valued at about $209,000. Oak Hill Wealth Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF in the 1st quarter valued at about $299,000. Finally, Koshinski Asset Management Inc. boosted its position in Capital Group Municipal High-Income ETF by 108.0% in the 1st quarter. Koshinski Asset Management Inc. now owns 27,483 shares of the company’s stock valued at $689,000 after buying an additional 14,273 shares during the last quarter.

Capital Group Municipal High-Income ETF Price Performance

NYSEARCA:CGHM opened at $25.58 on Monday. The firm has a 50-day moving average of $25.05 and a two-hundred day moving average of $24.70. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.87.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were paid 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 dividend yield of 3.8%.

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.