Gutierrez Wealth Advisory LLC lessened its holdings in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report) by 50.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 120,339 shares of the company’s stock after selling 121,636 shares during the period. Capital Group Municipal High-Income ETF makes up 1.5% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 14th biggest position. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Municipal High-Income ETF were worth $2,897,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CGHM. Commonwealth Equity Services LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the 3rd quarter worth about $24,190,000. Schmidt P J Investment Management Inc. bought a new stake in Capital Group Municipal High-Income ETF in the third quarter valued at about $1,300,000. Signature Equity Partners LLC bought a new stake in Capital Group Municipal High-Income ETF in the third quarter valued at about $50,000. MGO One Seven LLC increased its stake in Capital Group Municipal High-Income ETF by 3.6% in the third quarter. MGO One Seven LLC now owns 18,927 shares of the company’s stock valued at $456,000 after acquiring an additional 666 shares during the period. Finally, Aprio Wealth Management LLC raised its position in Capital Group Municipal High-Income ETF by 17.2% in the third quarter. Aprio Wealth Management LLC now owns 960,512 shares of the company’s stock worth $23,120,000 after purchasing an additional 141,104 shares in the last quarter.
Capital Group Municipal High-Income ETF Price Performance
NYSEARCA:CGHM opened at $25.02 on Friday. Capital Group Municipal High-Income ETF has a 12-month low of $23.81 and a 12-month high of $30.00. The firm has a 50-day moving average price of $24.60 and a 200 day moving average price of $25.37.
Capital Group Municipal High-Income ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a $0.0853 dividend. The ex-dividend date was Friday, October 30th. This represents a $1.02 annualized dividend and a dividend yield of 4.1%. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884.
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.
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Want to see what other hedge funds are holding CGHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Municipal High-Income ETF (NYSEARCA:CGHM – Free Report).
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