Confluence Wealth Services Inc. Makes New $15.84 Million Investment in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM)

Confluence Wealth Services Inc. purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHMFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 626,087 shares of the company’s stock, valued at approximately $15,840,000. Capital Group Municipal High-Income ETF comprises 1.0% of Confluence Wealth Services Inc.’s investment portfolio, making the stock its 19th biggest position.

Other large investors have also modified their holdings of the company. MML Investors Services LLC purchased a new stake in Capital Group Municipal High-Income ETF in the 3rd quarter valued at approximately $204,000. Capital & Planning LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the fourth quarter valued at $236,000. AdvisorNet Financial Inc increased its position in Capital Group Municipal High-Income ETF by 3,897.2% during the 4th quarter. AdvisorNet Financial Inc now owns 10,033 shares of the company’s stock worth $254,000 after purchasing an additional 9,782 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Capital Group Municipal High-Income ETF during the 4th quarter worth about $334,000. Finally, Jane Street Group LLC acquired a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $345,000.

Capital Group Municipal High-Income ETF Stock Up 0.2 %

Capital Group Municipal High-Income ETF stock opened at $25.46 on Wednesday. Capital Group Municipal High-Income ETF has a 12-month low of $24.91 and a 12-month high of $26.06. The firm’s 50-day moving average is $25.42 and its two-hundred day moving average is $25.56.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given a dividend of $0.0631 per share. The ex-dividend date was Friday, January 31st.

Further Reading

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Institutional Ownership by Quarter for Capital Group Municipal High-Income ETF (NYSEARCA:CGHM)

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