Vestmark Advisory Solutions Inc. Buys Shares of 1,302,158 Capital Group Municipal High-Income ETF $CGHM

Vestmark Advisory Solutions Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 1,302,158 shares of the company’s stock, valued at approximately $32,932,000. Capital Group Municipal High-Income ETF accounts for about 0.6% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 29th biggest position.

Several other hedge funds have also recently modified their holdings of the stock. AdvisorNet Financial Inc increased its stake in Capital Group Municipal High-Income ETF by 9.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 9,760 shares of the company’s stock valued at $247,000 after buying an additional 868 shares during the period. Creative Financial Designs Inc. ADV increased its stake in shares of Capital Group Municipal High-Income ETF by 203.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock worth $45,000 after acquiring an additional 1,218 shares during the period. Prospera Financial Services Inc raised its holdings in Capital Group Municipal High-Income ETF by 5.1% during the second quarter. Prospera Financial Services Inc now owns 27,270 shares of the company’s stock worth $672,000 after purchasing an additional 1,321 shares in the last quarter. Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $34,000. Finally, Global Retirement Partners LLC lifted its position in Capital Group Municipal High-Income ETF by 13.8% in the third quarter. Global Retirement Partners LLC now owns 21,044 shares of the company’s stock valued at $532,000 after purchasing an additional 2,547 shares during the period.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of CGHM opened at $25.88 on Friday. The stock’s 50 day moving average is $25.61 and its two-hundred day moving average is $25.38. Capital Group Municipal High-Income ETF has a twelve month low of $23.45 and a twelve month high of $25.89.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a dividend of $0.0635 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th.

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.