Truist Financial Corp Purchases Shares of 525,572 Capital Group Municipal High-Income ETF $CGHM

Truist Financial Corp purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 3rd quarter, Holdings Channel.com reports. The fund purchased 525,572 shares of the company’s stock, valued at approximately $13,292,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter worth about $34,000. Creative Financial Designs Inc. ADV lifted its position in Capital Group Municipal High-Income ETF by 203.0% during the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after buying an additional 1,218 shares in the last quarter. EQ Wealth Advisors LLC acquired a new position in Capital Group Municipal High-Income ETF during the second quarter valued at approximately $66,000. Farther Finance Advisors LLC purchased a new stake in Capital Group Municipal High-Income ETF during the third quarter worth approximately $93,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Capital Group Municipal High-Income ETF by 2,451.6% in the second quarter. Geneos Wealth Management Inc. now owns 5,537 shares of the company’s stock worth $136,000 after acquiring an additional 5,320 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $25.52 on Friday. The company’s fifty day simple moving average is $25.54 and its 200-day simple moving average is $25.24. Capital Group Municipal High-Income ETF has a 52 week low of $23.45 and a 52 week high of $25.73.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be issued a dividend of $0.0635 per share. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, January 30th.

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.