16,686 Shares in Capital Group Municipal High-Income ETF $CGHM Bought by Prentice Wealth Management LLC

Prentice Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,686 shares of the company’s stock, valued at approximately $411,000. Prentice Wealth Management LLC owned about 0.19% of Capital Group Municipal High-Income ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC raised its stake in Capital Group Municipal High-Income ETF by 97.9% in the 2nd quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after acquiring an additional 1,022 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF in the 2nd quarter worth $66,000. International Assets Investment Management LLC purchased a new position in Capital Group Municipal High-Income ETF in the 1st quarter worth $209,000. Synergy Investment Management LLC purchased a new position in Capital Group Municipal High-Income ETF in the 1st quarter worth $244,000. Finally, Stratos Wealth Partners LTD. purchased a new position in Capital Group Municipal High-Income ETF in the 2nd quarter worth $261,000.

Capital Group Municipal High-Income ETF Stock Performance

Shares of CGHM stock opened at $25.66 on Friday. The business has a fifty day moving average of $25.14 and a 200 day moving average of $24.72. Capital Group Municipal High-Income ETF has a 1 year low of $23.45 and a 1 year high of $25.87.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.0814 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a yield of 3.8%. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.02.

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.