Capital Group Municipal High-Income ETF $CGHM Shares Sold by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. cut its holdings in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 7.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 644,652 shares of the company’s stock after selling 51,183 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $15,517,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Midwest Heritage Bank FSB boosted its holdings in Capital Group Municipal High-Income ETF by 1.9% in the third quarter. Midwest Heritage Bank FSB now owns 23,634 shares of the company’s stock worth $569,000 after acquiring an additional 432 shares in the last quarter. MGO One Seven LLC increased its holdings in shares of Capital Group Municipal High-Income ETF by 3.6% during the third quarter. MGO One Seven LLC now owns 18,927 shares of the company’s stock valued at $456,000 after acquiring an additional 666 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Capital Group Municipal High-Income ETF by 5.1% during the third quarter. Farther Finance Advisors LLC now owns 16,930 shares of the company’s stock valued at $408,000 after acquiring an additional 826 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Capital Group Municipal High-Income ETF by 74.4% in the 3rd quarter. CoreCap Advisors LLC now owns 2,299 shares of the company’s stock valued at $55,000 after purchasing an additional 981 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Capital Group Municipal High-Income ETF by 8.5% in the 3rd quarter. International Assets Investment Management LLC now owns 13,975 shares of the company’s stock valued at $337,000 after purchasing an additional 1,098 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Down 0.4%

Shares of Capital Group Municipal High-Income ETF stock opened at $24.98 on Wednesday. The company has a 50 day moving average price of $24.58 and a 200 day moving average price of $25.36. Capital Group Municipal High-Income ETF has a 52 week low of $23.81 and a 52 week high of $30.00.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were paid a dividend of $0.0853 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, October 30th. This is a negative change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884.

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.