Sigma Planning Corp Acquires New Shares in Capital Group Municipal High-Income ETF $CGHM

Sigma Planning Corp bought a new position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,379 shares of the company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGHM. Envestnet Asset Management Inc. boosted its stake in shares of 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 valued at $343,757,000 after buying an additional 1,227,406 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group Municipal High-Income ETF by 17.4% in the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after acquiring an additional 370,741 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Capital Group Municipal High-Income ETF by 6.3% during the first quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock worth $30,373,000 after acquiring an additional 70,900 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Capital Group Municipal High-Income ETF by 20.2% during the first quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock worth $24,640,000 after acquiring an additional 163,290 shares in the last quarter. Finally, Strata Wealth Advisors LLC raised its holdings in shares of Capital Group Municipal High-Income ETF by 86.3% during the third quarter. Strata Wealth Advisors LLC now owns 731,072 shares of the company’s stock worth $17,597,000 after acquiring an additional 338,728 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

CGHM opened at $24.78 on Friday. Capital Group Municipal High-Income ETF has a 1 year low of $23.81 and a 1 year high of $30.00. The stock has a fifty day moving average price of $24.64 and a 200 day moving average price of $25.38.

Capital Group Municipal High-Income ETF Cuts Dividend

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

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.