Wedbush Securities Inc. Makes New $1.83 Million Investment in Capital Group Municipal High-Income ETF $CGHM

Wedbush Securities Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, HoldingsChannel.com reports. The firm purchased 76,041 shares of the company’s stock, valued at approximately $1,830,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock worth $343,757,000 after acquiring an additional 1,227,406 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Capital Group Municipal High-Income ETF by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock valued at $63,295,000 after purchasing an additional 370,741 shares during the period. Assetmark Inc. boosted its position in shares of Capital Group Municipal High-Income ETF by 6.3% during the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock valued at $30,373,000 after purchasing an additional 70,900 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Capital Group Municipal High-Income ETF by 20.2% during the 1st quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after purchasing an additional 163,290 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of Capital Group Municipal High-Income ETF by 28.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 927,408 shares of the company’s stock valued at $23,482,000 after purchasing an additional 203,278 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

NYSEARCA CGHM opened at $24.70 on Monday. The business has a 50 day simple moving average of $24.70 and a 200 day simple moving average of $25.31. Capital Group Municipal High-Income ETF has a one year low of $23.81 and a one year high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.0884 dividend. This represents a $1.06 annualized dividend and a yield of 4.3%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758. The ex-dividend date of this dividend was Tuesday, September 29th.

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.