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

Envestnet Portfolio Solutions Inc. raised its holdings in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 331,008 shares of the company’s stock after buying an additional 30,560 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.32% of Capital Group Municipal High-Income ETF worth $8,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CGHM. Royal Bank of Canada grew its holdings in shares of Capital Group Municipal High-Income ETF by 113.5% in the first 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 grew its holdings in shares of Capital Group Municipal High-Income ETF by 349.1% in the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after purchasing an additional 72,817 shares during the period. Sei Investments Co. purchased a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at about $927,000. Raymond James Financial Inc. grew its holdings in shares of Capital Group Municipal High-Income ETF by 31.6% in the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock valued at $3,649,000 after purchasing an additional 35,545 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at about $34,000.

Capital Group Municipal High-Income ETF Stock Up 0.2%

CGHM stock opened at $25.39 on Thursday. The firm’s 50 day moving average price is $25.52 and its 200-day moving average price is $25.58. Capital Group Municipal High-Income ETF has a one year low of $24.29 and a one year high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.