Gutierrez Wealth Advisory LLC Raises Position in Capital Group Municipal High-Income ETF $CGHM

Gutierrez Wealth Advisory LLC lifted its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 36.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,095 shares of the company’s stock after buying an additional 50,738 shares during the period. Capital Group Municipal High-Income ETF makes up 3.1% of Gutierrez Wealth Advisory LLC’s portfolio, making the stock its 12th biggest position. Gutierrez Wealth Advisory LLC’s holdings in Capital Group Municipal High-Income ETF were worth $4,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Oak Hill Wealth Advisors LLC increased its holdings in Capital Group Municipal High-Income ETF by 3.5% during the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 12,360 shares of the company’s stock worth $304,000 after purchasing an additional 415 shares during the last quarter. Betterment LLC increased its holdings in Capital Group Municipal High-Income ETF by 1.9% during the 1st quarter. Betterment LLC now owns 40,275 shares of the company’s stock worth $1,009,000 after purchasing an additional 748 shares during the last quarter. Opal Wealth Advisors LLC increased its holdings in Capital Group Municipal High-Income ETF by 97.9% during the 2nd quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock worth $51,000 after purchasing an additional 1,022 shares during the last quarter. Harbour Investments Inc. increased its holdings in Capital Group Municipal High-Income ETF by 15.6% during the 1st quarter. Harbour Investments Inc. now owns 21,248 shares of the company’s stock worth $532,000 after purchasing an additional 2,865 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in Capital Group Municipal High-Income ETF by 4.4% during the 1st quarter. Benjamin Edwards Inc. now owns 76,397 shares of the company’s stock worth $1,915,000 after purchasing an additional 3,237 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

CGHM stock opened at $25.35 on Friday. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.87. The stock’s 50 day moving average is $24.86 and its two-hundred day moving average is $24.68.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were paid a dividend of $0.0814 per share. The ex-dividend date was Monday, September 29th. This is an increase 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%.

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.