Royal Bank of Canada Buys 163,290 Shares of Capital Group Municipal High-Income ETF $CGHM

Royal Bank of Canada lifted its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 20.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 973,146 shares of the company’s stock after buying an additional 163,290 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group Municipal High-Income ETF were worth $24,640,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital International Investors grew its stake in Capital Group Municipal High-Income ETF by 1.5% during the fourth quarter. Capital International Investors now owns 59,363,041 shares of the company’s stock valued at $1,512,570,000 after acquiring an additional 883,760 shares in the last quarter. LPL Financial LLC lifted its stake in Capital Group Municipal High-Income ETF by 52.7% in the 4th quarter. LPL Financial LLC now owns 2,976,899 shares of the company’s stock worth $75,851,000 after purchasing an additional 1,027,974 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Capital Group Municipal High-Income ETF by 17.4% during 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 last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Capital Group Municipal High-Income ETF by 835.6% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 1,643,882 shares of the company’s stock valued at $41,886,000 after purchasing an additional 1,468,177 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its position in shares of Capital Group Municipal High-Income ETF by 6.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock valued at $35,338,000 after purchasing an additional 84,753 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

Shares of Capital Group Municipal High-Income ETF stock opened at $25.45 on Wednesday. Capital Group Municipal High-Income ETF has a twelve month low of $24.45 and a twelve month high of $30.00. The business has a 50-day moving average price of $25.73 and a 200-day moving average price of $25.65.

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.