Capital Group Municipal High-Income ETF $CGHM Stock: Prentice Wealth Management LLC Grows Stake

Prentice Wealth Management LLC lifted its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 24.3% in the third quarter, HoldingsChannel reports. The fund owned 332,790 shares of the company’s stock after buying an additional 65,130 shares during the period. Capital Group Municipal High-Income ETF accounts for approximately 1.6% of Prentice Wealth Management LLC’s investment portfolio, making the stock its 16th largest holding. Prentice Wealth Management LLC’s holdings in Capital Group Municipal High-Income ETF were worth $8,010,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Capital Group Municipal High-Income ETF by 5.1% in the third quarter. Farther Finance Advisors LLC now owns 16,930 shares of the company’s stock valued at $408,000 after acquiring an additional 826 shares during the last quarter. CoreCap Advisors LLC increased its position in Capital Group Municipal High-Income ETF by 74.4% in the third quarter. CoreCap Advisors LLC now owns 2,299 shares of the company’s stock worth $55,000 after purchasing an additional 981 shares during the period. International Assets Investment Management LLC increased its position in Capital Group Municipal High-Income ETF by 9.2% in the first quarter. International Assets Investment Management LLC now owns 14,900 shares of the company’s stock worth $378,000 after purchasing an additional 1,260 shares during the period. Opal Wealth Advisors LLC raised its holdings in Capital Group Municipal High-Income ETF by 16.3% during the 3rd quarter. Opal Wealth Advisors LLC now owns 9,166 shares of the company’s stock worth $221,000 after purchasing an additional 1,284 shares during the last quarter. Finally, Western Wealth Management LLC bought a new stake in Capital Group Municipal High-Income ETF during the 1st quarter worth about $36,000.

Capital Group Municipal High-Income ETF Stock Performance

Capital Group Municipal High-Income ETF stock traded up $0.01 during trading hours on Tuesday, reaching $24.45. 810,413 shares of the company’s stock traded hands, compared to its average volume of 573,948. Capital Group Municipal High-Income ETF has a fifty-two week low of $23.81 and a fifty-two week high of $30.00. The firm’s 50 day moving average is $24.78 and its 200-day moving average is $25.34.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.0884 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.06 annualized dividend and a dividend yield of 4.3%. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758.

Capital Group Municipal High-Income ETF Company 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.