Koshinski Asset Management Inc. Grows Stock Holdings in Capital Group Municipal High-Income ETF $CGHM

Koshinski Asset Management Inc. increased its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 296.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 178,027 shares of the company’s stock after buying an additional 133,128 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Capital Group Municipal High-Income ETF were worth $4,502,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in Capital Group Municipal High-Income ETF by 113.5% during the first quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock valued at $2,080,000 after buying an additional 44,104 shares during the last quarter. Jane Street Group LLC increased its holdings 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 valued at $2,348,000 after acquiring an additional 72,817 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Capital Group Municipal High-Income ETF during the second quarter valued at $261,000. Strategic Blueprint LLC purchased a new position in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth about $261,000. Finally, Envestnet Asset Management Inc. boosted its stake in Capital Group Municipal High-Income ETF by 90.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 59,900 shares of the company’s stock worth $1,476,000 after purchasing an additional 28,386 shares in the last quarter.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $25.88 on Friday. Capital Group Municipal High-Income ETF has a one year low of $23.45 and a one year high of $25.89. The company’s 50-day moving average is $25.61 and its 200 day moving average is $25.38.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were issued a dividend of $0.0635 per share. The ex-dividend date was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%.

Capital Group Municipal High-Income ETF 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.