Keudell Morrison Wealth Management Reduces Stock Holdings in Capital Group Municipal High-Income ETF $CGHM

Keudell Morrison Wealth Management lessened its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 9.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 198,512 shares of the company’s stock after selling 21,397 shares during the quarter. Capital Group Municipal High-Income ETF makes up about 1.0% of Keudell Morrison Wealth Management’s holdings, making the stock its 20th largest position. Keudell Morrison Wealth Management’s holdings in Capital Group Municipal High-Income ETF were worth $5,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CGHM. Bank of America Corp DE acquired a new stake in Capital Group Municipal High-Income ETF in the 2nd quarter valued at about $34,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF during the third quarter worth about $48,000. Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF during the third quarter worth about $61,000. Camelot Portfolios LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the fourth quarter valued at about $67,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the fourth quarter valued at about $68,000.

Capital Group Municipal High-Income ETF Stock Performance

CGHM stock opened at $25.83 on Wednesday. The company’s 50 day simple moving average is $25.64 and its 200-day simple moving average is $25.60. Capital Group Municipal High-Income ETF has a 12 month low of $24.29 and a 12 month high of $30.00.

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.