Park Avenue Securities LLC Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

Park Avenue Securities LLC 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 140,283 shares of the company’s stock, valued at approximately $3,548,000. Park Avenue Securities LLC owned about 0.16% of Capital Group Municipal High-Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth $34,000. Creative Financial Designs Inc. ADV increased its stake in Capital Group Municipal High-Income ETF by 203.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after purchasing an additional 1,218 shares during the last quarter. Opal Wealth Advisors LLC lifted its position in Capital Group Municipal High-Income ETF by 97.9% during the second quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after buying an additional 1,022 shares during the period. EQ Wealth Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $66,000. Finally, Farther Finance Advisors LLC acquired a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter worth about $93,000.

Capital Group Municipal High-Income ETF Stock Performance

CGHM opened at $25.62 on Friday. Capital Group Municipal High-Income ETF has a 12 month low of $23.45 and a 12 month high of $25.73. The business has a 50-day moving average of $25.52 and a two-hundred day moving average of $25.13.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.113 per share. This represents a c) annualized dividend and a yield of 5.3%. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 24th.

Capital Group Municipal High-Income ETF Company 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.