Park Avenue Securities LLC Takes $3.55 Million Position 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 its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 140,283 shares of the company’s stock, valued at approximately $3,548,000.

Other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in Capital Group Municipal High-Income ETF by 113.5% in the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after buying an additional 44,104 shares in the last quarter. Jane Street Group LLC increased its position in shares of Capital Group Municipal High-Income ETF by 349.1% during the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock worth $2,348,000 after acquiring an additional 72,817 shares during the last quarter. Jacobi Capital Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the first quarter worth about $516,000. Thrive Wealth Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the second quarter worth about $346,000. Finally, LongView Wealth Management purchased a new position in Capital Group Municipal High-Income ETF in the second quarter valued at about $899,000.

Capital Group Municipal High-Income ETF Stock Performance

Shares of NYSEARCA CGHM opened at $25.62 on Friday. Capital Group Municipal High-Income ETF has a fifty-two week low of $23.45 and a fifty-two week high of $25.73. The business has a 50 day moving average price of $25.52 and a two-hundred day moving average price 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 paid a $0.113 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. The ex-dividend date was Wednesday, December 24th.

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.