219,909 Shares in Capital Group Municipal High-Income ETF $CGHM Purchased by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 219,909 shares of the company’s stock, valued at approximately $5,603,000. Capital Group Municipal High-Income ETF makes up about 1.2% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 18th largest holding. Keudell Morrison Wealth Management owned 0.21% of Capital Group Municipal High-Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $7,598,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $32,932,000. Capital Group Private Client Services Inc. lifted its holdings in shares of Capital Group Municipal High-Income ETF by 17.9% in the third quarter. Capital Group Private Client Services Inc. now owns 246,604 shares of the company’s stock valued at $6,237,000 after purchasing an additional 37,370 shares in the last quarter. RFP Financial Group LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $1,744,000. Finally, Wealthcare Advisory Partners LLC lifted its holdings in shares of Capital Group Municipal High-Income ETF by 24.4% in the third quarter. Wealthcare Advisory Partners LLC now owns 132,393 shares of the company’s stock valued at $3,348,000 after purchasing an additional 25,965 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of NYSEARCA CGHM opened at $25.41 on Friday. Capital Group Municipal High-Income ETF has a 12-month low of $24.29 and a 12-month high of $30.00. The firm’s 50-day moving average is $25.52 and its two-hundred day moving average is $25.58.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0982 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th.

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.