AA Financial Advisors LLC Makes New $2.33 Million Investment in Capital Group Municipal High-Income ETF $CGHM

AA Financial Advisors LLC purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, Holdings Channel.com reports. The firm purchased 96,936 shares of the company’s stock, valued at approximately $2,333,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Capital Group Municipal High-Income ETF by 5.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 16,930 shares of the company’s stock valued at $408,000 after acquiring an additional 826 shares during the last quarter. Freedom Financial Partners LLC raised its position in shares of Capital Group Municipal High-Income ETF by 7.8% during the 1st quarter. Freedom Financial Partners LLC now owns 13,555 shares of the company’s stock worth $343,000 after acquiring an additional 979 shares in the last quarter. CoreCap Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 74.4% during the third quarter. CoreCap Advisors LLC now owns 2,299 shares of the company’s stock worth $55,000 after purchasing an additional 981 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Capital Group Municipal High-Income ETF by 9.2% during the first quarter. International Assets Investment Management LLC now owns 14,900 shares of the company’s stock worth $378,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Opal Wealth Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 16.3% during the third quarter. Opal Wealth Advisors LLC now owns 9,166 shares of the company’s stock worth $221,000 after purchasing an additional 1,284 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

CGHM traded up $0.02 on Monday, reaching $24.44. The company’s stock had a trading volume of 1,359,379 shares, compared to its average volume of 573,011. Capital Group Municipal High-Income ETF has a fifty-two week low of $23.81 and a fifty-two week high of $30.00. The stock has a 50 day moving average of $24.78 and a two-hundred day moving average of $25.34.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.