Capital Group Municipal High-Income ETF $CGHM Stock: Kestra Advisory Services LLC Boosts Holdings

Kestra Advisory Services LLC boosted its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 30.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 657,365 shares of the company’s stock after buying an additional 151,873 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.44% of Capital Group Municipal High-Income ETF worth $15,823,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised 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 worth $343,757,000 after purchasing an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Municipal High-Income ETF by 17.4% during the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after purchasing an additional 370,741 shares in the last quarter. Assetmark Inc. boosted its position in shares of Capital Group Municipal High-Income ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after purchasing an additional 70,900 shares in the last quarter. Royal Bank of Canada increased its holdings in Capital Group Municipal High-Income ETF by 20.2% in the first quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock worth $24,640,000 after purchasing an additional 163,290 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth approximately $24,190,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $25.06 on Monday. The firm has a 50 day moving average of $24.59 and a 200-day moving average of $25.37. 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 $0.0853 dividend. This represents a $1.02 annualized dividend and a yield of 4.1%. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884. The ex-dividend date of this dividend was Friday, October 30th.

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.