Keudell Morrison Wealth Management Cuts Position in Capital Group Municipal High-Income ETF $CGHM

Keudell Morrison Wealth Management lowered its holdings in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 9.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 198,512 shares of the company’s stock after selling 21,397 shares during the quarter. Capital Group Municipal High-Income ETF accounts for about 1.0% of Keudell Morrison Wealth Management’s holdings, making the stock its 20th biggest position. Keudell Morrison Wealth Management owned about 0.18% of Capital Group Municipal High-Income ETF worth $5,026,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in CGHM. Royal Bank of Canada grew its stake in shares of Capital Group Municipal High-Income ETF by 113.5% during the 1st quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after purchasing an additional 44,104 shares during the period. Jane Street Group LLC boosted its holdings in 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 worth $2,348,000 after buying an additional 72,817 shares in the last quarter. Sei Investments Co. acquired a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $927,000. Raymond James Financial Inc. grew its position in Capital Group Municipal High-Income ETF by 31.6% during the second quarter. Raymond James Financial Inc. now owns 148,124 shares of the company’s stock worth $3,649,000 after buying an additional 35,545 shares during the period. Finally, Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $34,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of Capital Group Municipal High-Income ETF stock opened at $25.83 on Wednesday. The company has a 50-day moving average of $25.64 and a two-hundred day moving average of $25.60. Capital Group Municipal High-Income ETF has a 12-month low of $24.29 and a 12-month high of $30.00.

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.