Wedbush Securities Inc. Takes Position in Capital Group Municipal High-Income ETF $CGHM

Wedbush Securities Inc. purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 68,565 shares of the company’s stock, valued at approximately $1,734,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its stake in shares of Capital Group Municipal High-Income ETF by 7.0% in the 3rd quarter. Prospera Financial Services Inc now owns 29,174 shares of the company’s stock valued at $738,000 after purchasing an additional 1,904 shares during the last quarter. Continental Investors Services Inc. bought a new stake in shares of Capital Group Municipal High-Income ETF during the third quarter worth approximately $1,108,000. Envestnet Asset Management Inc. lifted its holdings in Capital Group Municipal High-Income ETF by 15,962.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,621,180 shares of the company’s stock valued at $243,320,000 after buying an additional 9,561,280 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Capital Group Municipal High-Income ETF in the third quarter valued at approximately $236,000. Finally, Jones Financial Companies Lllp boosted its stake in Capital Group Municipal High-Income ETF by 88.5% in the third quarter. Jones Financial Companies Lllp now owns 130,502 shares of the company’s stock valued at $3,301,000 after acquiring an additional 61,272 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Up 0.2%

CGHM opened at $25.79 on Friday. The company has a fifty day moving average price of $25.56 and a two-hundred day moving average price of $25.31. Capital Group Municipal High-Income ETF has a 52 week low of $23.45 and a 52 week high of $25.79.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a dividend of $0.0635 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

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.