International Assets Investment Management LLC Purchases 97,123 Shares of Capital Group Municipal High-Income ETF $CGHM

International Assets Investment Management LLC increased its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 754.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,000 shares of the company’s stock after purchasing an additional 97,123 shares during the period. International Assets Investment Management LLC’s holdings in Capital Group Municipal High-Income ETF were worth $2,648,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in 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 purchasing an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers lifted its stake in 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 purchasing an additional 370,741 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Capital Group Municipal High-Income ETF by 513.2% in the first quarter. Kestra Advisory Services LLC now owns 438,921 shares of the company’s stock worth $11,113,000 after purchasing an additional 367,340 shares during the last quarter. Strata Wealth Advisors LLC boosted its position 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 valued at $17,597,000 after buying an additional 338,728 shares during the period. Finally, First Interstate Bank purchased a new position in shares of Capital Group Municipal High-Income ETF during the third quarter valued at approximately $7,730,000.

Capital Group Municipal High-Income ETF Stock Down 0.0%

CGHM opened at $24.77 on Tuesday. The stock’s 50 day moving average price is $24.63 and its 200-day moving average price is $25.38. Capital Group Municipal High-Income ETF has a one year low of $23.81 and a one year high of $30.00.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a dividend of $0.0853 per share. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.1%. 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.