Valmark Advisers Inc. Invests $3.39 Million in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM)

Valmark Advisers Inc. purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 134,049 shares of the company’s stock, valued at approximately $3,389,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MML Investors Services LLC bought a new stake in Capital Group Municipal High-Income ETF during the third quarter worth $204,000. Capital & Planning LLC bought a new stake in Capital Group Municipal High-Income ETF during the fourth quarter worth $236,000. AdvisorNet Financial Inc raised its position in Capital Group Municipal High-Income ETF by 3,897.2% during the fourth quarter. AdvisorNet Financial Inc now owns 10,033 shares of the company’s stock worth $254,000 after acquiring an additional 9,782 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Capital Group Municipal High-Income ETF in the fourth quarter valued at about $334,000. Finally, Jane Street Group LLC bought a new position in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $345,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM opened at $25.44 on Friday. The company’s 50-day moving average is $25.37 and its 200-day moving average is $25.57. Capital Group Municipal High-Income ETF has a fifty-two week low of $24.91 and a fifty-two week high of $26.06.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.0631 dividend. The ex-dividend date of this dividend was Friday, January 31st.