Koshinski Asset Management Inc. Has $1.11 Million Stock Position in Capital Group Municipal High-Income ETF $CGHM

Koshinski Asset Management Inc. grew its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 63.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,899 shares of the company’s stock after buying an additional 17,416 shares during the quarter. Koshinski Asset Management Inc. owned 0.52% of Capital Group Municipal High-Income ETF worth $1,106,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,022 shares during the period. EQ Wealth Advisors LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at about $66,000. International Assets Investment Management LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the 1st quarter valued at about $209,000. Synergy Investment Management LLC bought a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at about $244,000. Finally, Stratos Wealth Partners LTD. acquired a new position in shares of Capital Group Municipal High-Income ETF during the second quarter worth about $261,000.

Capital Group Municipal High-Income ETF Trading Down 0.1%

NYSEARCA:CGHM opened at $25.58 on Friday. The stock has a 50-day simple moving average of $25.05 and a 200 day simple moving average of $24.70. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.87.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were issued a $0.0814 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.02. The ex-dividend date was Monday, 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.