Vestmark Advisory Solutions Inc. Makes New $32.93 Million Investment in Capital Group Municipal High-Income ETF $CGHM

Vestmark Advisory Solutions Inc. bought a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,302,158 shares of the company’s stock, valued at approximately $32,932,000. Capital Group Municipal High-Income ETF makes up about 0.6% of Vestmark Advisory Solutions Inc.’s investment portfolio, making the stock its 29th largest holding. Vestmark Advisory Solutions Inc. owned about 1.42% of Capital Group Municipal High-Income ETF at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in Capital Group Municipal High-Income ETF by 15,962.1% during the third quarter. Envestnet Asset Management Inc. now owns 9,621,180 shares of the company’s stock worth $243,320,000 after buying an additional 9,561,280 shares during the period. Assetmark Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF during the third quarter worth approximately $27,175,000. Confluence Wealth Services Inc. grew its position in shares of Capital Group Municipal High-Income ETF by 2.9% during the third quarter. Confluence Wealth Services Inc. now owns 631,391 shares of the company’s stock worth $15,968,000 after acquiring an additional 17,532 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Capital Group Municipal High-Income ETF by 13.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 598,566 shares of the company’s stock valued at $15,138,000 after acquiring an additional 72,791 shares during the period. Finally, Truist Financial Corp purchased a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter valued at $13,292,000.

Capital Group Municipal High-Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGHM opened at $25.88 on Friday. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.89. The firm has a fifty day moving average price of $25.61 and a 200 day moving average price of $25.38.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were issued a dividend of $0.0635 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

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.