525,572 Shares in Capital Group Municipal High-Income ETF $CGHM Purchased by Truist Financial Corp

Truist Financial Corp bought a new stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 525,572 shares of the company’s stock, valued at approximately $13,292,000. Truist Financial Corp owned approximately 0.57% of Capital Group Municipal High-Income ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at approximately $34,000. Creative Financial Designs Inc. ADV lifted its stake in Capital Group Municipal High-Income ETF by 203.0% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after buying an additional 1,218 shares in the last quarter. EQ Wealth Advisors LLC acquired a new stake in Capital Group Municipal High-Income ETF during the 2nd quarter valued at $66,000. Farther Finance Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF during the third quarter worth $93,000. Finally, Geneos Wealth Management Inc. increased its position in Capital Group Municipal High-Income ETF by 2,451.6% during the second quarter. Geneos Wealth Management Inc. now owns 5,537 shares of the company’s stock worth $136,000 after buying an additional 5,320 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA:CGHM opened at $25.52 on Friday. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.73. The stock’s fifty day simple moving average is $25.54 and its 200-day simple moving average is $25.24.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.0635 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, January 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.