J. Derek Lewis & Associates Inc. purchased a new stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 527,322 shares of the company’s stock, valued at approximately $13,436,000. Capital Group Municipal High-Income ETF accounts for about 3.1% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 11th biggest holding. J. Derek Lewis & Associates Inc. owned about 0.51% of Capital Group Municipal High-Income ETF at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE acquired a new stake in Capital Group Municipal High-Income ETF in the second quarter worth about $34,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $48,000. Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $61,000. Camelot Portfolios LLC bought a new position in shares of Capital Group Municipal High-Income ETF in the 4th quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Municipal High-Income ETF in the 4th quarter valued at about $68,000.
Capital Group Municipal High-Income ETF Stock Performance
Shares of NYSEARCA:CGHM opened at $25.84 on Friday. Capital Group Municipal High-Income ETF has a one year low of $24.29 and a one year high of $30.00. The company has a 50 day moving average of $25.63 and a 200-day moving average of $25.60.
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.
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