Wedbush Securities Inc. Buys New Stake in Capital Group Municipal High-Income ETF $CGHM

Wedbush Securities Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,565 shares of the company’s stock, valued at approximately $1,734,000. Wedbush Securities Inc. owned 0.07% of Capital Group Municipal High-Income ETF as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Capital Group Municipal High-Income ETF by 113.5% in the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock valued at $2,080,000 after purchasing an additional 44,104 shares during the period. Jane Street Group LLC raised 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 acquiring an additional 72,817 shares in the last quarter. Harbour Investments Inc. lifted its holdings in shares of Capital Group Municipal High-Income ETF by 3.3% during the second quarter. Harbour Investments Inc. now owns 21,953 shares of the company’s stock valued at $541,000 after acquiring an additional 705 shares during the period. Stratos Wealth Partners LTD. acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at $261,000. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Capital Group Municipal High-Income ETF by 63.4% in the 2nd quarter. Koshinski Asset Management Inc. now owns 44,899 shares of the company’s stock valued at $1,106,000 after purchasing an additional 17,416 shares in the last quarter.

Capital Group Municipal High-Income ETF Trading Up 0.2%

Shares of Capital Group Municipal High-Income ETF stock opened at $25.79 on Friday. Capital Group Municipal High-Income ETF has a 12-month low of $23.45 and a 12-month high of $25.79. The company has a 50-day simple moving average of $25.56 and a 200 day simple moving average of $25.31.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a $0.0635 dividend. The ex-dividend date 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.