Prentice Wealth Management LLC Boosts Stock Holdings in Capital Group Municipal High-Income ETF $CGHM

Prentice Wealth Management LLC increased its position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,443 shares of the company’s stock after buying an additional 35,973 shares during the quarter. Capital Group Municipal High-Income ETF comprises about 1.2% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 18th biggest position. Prentice Wealth Management LLC owned 0.19% of Capital Group Municipal High-Income ETF worth $5,252,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new position in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth about $34,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth about $48,000. Advisory Services Network LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth about $61,000. Camelot Portfolios LLC acquired a new stake in Capital Group Municipal High-Income ETF during the 4th quarter worth approximately $67,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in Capital Group Municipal High-Income ETF during the 4th quarter worth approximately $68,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM stock opened at $25.83 on Wednesday. Capital Group Municipal High-Income ETF has a fifty-two week low of $24.29 and a fifty-two week high of $30.00. The firm’s 50 day moving average price is $25.64 and its two-hundred day moving average price is $25.60.

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.