Envestnet Portfolio Solutions Inc. Grows Stock Position in Capital Group Municipal High-Income ETF $CGHM

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 10.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 331,008 shares of the company’s stock after acquiring an additional 30,560 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $8,434,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CGHM. Royal Bank of Canada boosted its stake in Capital Group Municipal High-Income ETF by 113.5% during the first quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after buying an additional 44,104 shares during the period. Jane Street Group LLC boosted its stake in Capital Group Municipal High-Income ETF by 349.1% during the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock worth $2,348,000 after buying an additional 72,817 shares during the period. Sei Investments Co. purchased a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $927,000. Raymond James Financial Inc. boosted its stake in Capital Group Municipal High-Income ETF by 31.6% during the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after buying an additional 35,545 shares during the period. Finally, Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $34,000.

Capital Group Municipal High-Income ETF Stock Up 0.2%

Shares of CGHM stock opened at $25.39 on Thursday. The company has a 50-day moving average of $25.52 and a two-hundred day moving average of $25.58. Capital Group Municipal High-Income ETF has a 1-year low of $24.29 and a 1-year high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0982 per share. This represents a c) annualized dividend and a yield of 4.6%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th.

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.