Confluence Wealth Services Inc. reduced its position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) by 7.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644,652 shares of the company’s stock after selling 51,183 shares during the quarter. Confluence Wealth Services Inc. owned 0.43% of Capital Group Municipal High-Income ETF worth $15,517,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in the business. CoreCap Advisors LLC increased its position in Capital Group Municipal High-Income ETF by 653.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after purchasing an additional 1,143 shares during the period. Western Wealth Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 1st quarter worth approximately $36,000. Signature Equity Partners LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $50,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 3rd quarter worth approximately $201,000. Finally, WNY Asset Management LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the first quarter valued at approximately $207,000.
Capital Group Municipal High-Income ETF Trading Down 0.4%
NYSEARCA CGHM opened at $24.98 on Wednesday. The firm’s 50 day moving average price is $24.58 and its 200-day moving average price is $25.36. Capital Group Municipal High-Income ETF has a 52-week low of $23.81 and a 52-week high of $30.00.
Capital Group Municipal High-Income ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were issued a dividend of $0.0853 per share. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884. This represents a $1.02 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, October 30th.
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.
Further Reading
- Five stocks we like better than Capital Group Municipal High-Income ETF
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Want to see what other hedge funds are holding CGHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report).
Receive News & Ratings for Capital Group Municipal High-Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Municipal High-Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
