Keudell Morrison Wealth Management Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

Keudell Morrison Wealth Management bought a new stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 146,741 shares of the company’s stock, valued at approximately $3,615,000. Capital Group Municipal High-Income ETF comprises approximately 0.8% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 23rd biggest holding. Keudell Morrison Wealth Management owned approximately 1.70% of Capital Group Municipal High-Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal High-Income ETF in the 1st quarter worth approximately $26,000. Cambridge Investment Research Advisors Inc. increased its position in Capital Group Municipal High-Income ETF by 13.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,539 shares of the company’s stock worth $2,018,000 after buying an additional 9,704 shares during the period. Valmark Advisers Inc. increased its position in Capital Group Municipal High-Income ETF by 16.5% in the first quarter. Valmark Advisers Inc. now owns 156,136 shares of the company’s stock worth $3,913,000 after buying an additional 22,087 shares during the period. International Assets Investment Management LLC acquired a new stake in Capital Group Municipal High-Income ETF in the first quarter worth $209,000. Finally, Oak Hill Wealth Advisors LLC acquired a new stake in Capital Group Municipal High-Income ETF in the first quarter worth $299,000.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of NYSEARCA CGHM opened at $25.35 on Friday. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.87. The business’s fifty day moving average price is $24.86 and its two-hundred day moving average price is $24.68.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a $0.0814 dividend. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.02. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, September 29th.

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.