Waverly Advisors LLC Invests $544,000 in Capital Group Municipal High-Income ETF $CGHM

Waverly Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 21,487 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGHM. Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the second quarter valued at $34,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter worth $48,000. Advisory Services Network LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the third quarter valued at $61,000. Camelot Portfolios LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the fourth quarter valued at $67,000. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Municipal High-Income ETF during the fourth quarter valued at $68,000.

Capital Group Municipal High-Income ETF Price Performance

CGHM opened at $25.38 on Monday. The stock has a 50-day moving average price of $25.73 and a 200-day moving average price of $25.65. Capital Group Municipal High-Income ETF has a 1 year low of $24.32 and a 1 year high of $30.00.

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.