Koshinski Asset Management Inc. Has $6.22 Million Stock Holdings in Capital Group Municipal High-Income ETF $CGHM

Koshinski Asset Management Inc. boosted its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 37.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 244,047 shares of the company’s stock after purchasing an additional 66,020 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $6,218,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CGHM. Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF during the 2nd quarter worth $34,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $48,000. Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF during the 3rd quarter valued at about $61,000. Camelot Portfolios LLC acquired a new position in Capital Group Municipal High-Income ETF during the 4th quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Capital Group Municipal High-Income ETF during the 4th quarter valued at about $68,000.

Capital Group Municipal High-Income ETF Stock Performance

Capital Group Municipal High-Income ETF stock opened at $25.61 on Friday. Capital Group Municipal High-Income ETF has a 1 year low of $24.29 and a 1 year high of $30.00. The company’s 50-day moving average is $25.58 and its two-hundred day moving average is $25.59.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0982 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date 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.