61,798 Capital Group Municipal High-Income ETF $CGHM Shares Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. raised its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 10.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 642,042 shares of the company’s stock after acquiring an additional 61,798 shares during the quarter. Capital Group Municipal High-Income ETF comprises 2.8% of J. Derek Lewis & Associates Inc.’s portfolio, making the stock its 10th biggest holding. J. Derek Lewis & Associates Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $15,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in CGHM. Capital Analysts LLC lifted its stake in shares of Capital Group Municipal High-Income ETF by 40.9% in the second quarter. Capital Analysts LLC now owns 187,286 shares of the company’s stock worth $4,842,000 after buying an additional 54,387 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth $990,000. Envestnet Asset Management Inc. boosted its holdings in shares of 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 buying an additional 1,227,406 shares during the period. Assetmark Inc. grew its stake in Capital Group Municipal High-Income ETF by 6.3% in the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after buying an additional 70,900 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in Capital Group Municipal High-Income ETF by 20.2% in the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after buying an additional 163,290 shares during the last quarter.

Capital Group Municipal High-Income ETF Trading Up 0.2%

Shares of CGHM opened at $25.06 on Friday. Capital Group Municipal High-Income ETF has a one year low of $23.81 and a one year high of $30.00. The company’s fifty day moving average price is $24.59 and its 200 day moving average price is $25.37.

Capital Group Municipal High-Income ETF Cuts Dividend

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

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.