174,255 Shares in Capital Group Municipal High-Income ETF $CGHM Purchased by Platt Wealth Management LLC

Platt Wealth Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 4th quarter, HoldingsChannel reports. The firm acquired 174,255 shares of the company’s stock, valued at approximately $4,440,000. Capital Group Municipal High-Income ETF accounts for about 4.4% of Platt Wealth Management LLC’s portfolio, making the stock its 9th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Keudell Morrison Wealth Management acquired a new stake in Capital Group Municipal High-Income ETF during the fourth quarter worth about $5,603,000. Vestmark Advisory Solutions Inc. increased its position in Capital Group Municipal High-Income ETF by 6.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 1,386,911 shares of the company’s stock worth $35,338,000 after purchasing an additional 84,753 shares during the last quarter. Global Retirement Partners LLC increased its position in Capital Group Municipal High-Income ETF by 2.5% during the fourth quarter. Global Retirement Partners LLC now owns 21,560 shares of the company’s stock worth $549,000 after purchasing an additional 516 shares during the last quarter. BlueStem Wealth Partners LLC increased its position in Capital Group Municipal High-Income ETF by 589.0% during the fourth quarter. BlueStem Wealth Partners LLC now owns 75,965 shares of the company’s stock worth $1,936,000 after purchasing an additional 64,940 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Capital Group Municipal High-Income ETF by 53,820.0% during the fourth quarter. IFP Advisors Inc now owns 10,784 shares of the company’s stock worth $275,000 after purchasing an additional 10,764 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of CGHM stock opened at $25.44 on Friday. The company has a 50-day moving average of $25.52 and a two-hundred day moving average of $25.58. Capital Group Municipal High-Income ETF has a 1-year low of $24.29 and a 1-year high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a dividend of $0.0982 per share. This represents a c) annualized dividend and a yield of 4.6%. This is a boost from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Friday, February 27th.

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.