Keudell Morrison Wealth Management Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

Keudell Morrison Wealth Management purchased a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 219,909 shares of the company’s stock, valued at approximately $5,603,000. Capital Group Municipal High-Income ETF accounts for 1.2% of Keudell Morrison Wealth Management’s portfolio, making the stock its 18th largest holding.

Other large investors also recently bought and sold shares of the company. Bank of America Corp DE purchased a new position in Capital Group Municipal High-Income ETF during the second quarter worth approximately $34,000. CIBC Private Wealth Group LLC purchased a new position in Capital Group Municipal High-Income ETF during the third quarter worth approximately $48,000. Advisory Services Network LLC purchased a new position in Capital Group Municipal High-Income ETF during the third quarter worth approximately $61,000. Camelot Portfolios LLC purchased a new position in Capital Group Municipal High-Income ETF during the fourth quarter worth approximately $67,000. Finally, Flagship Harbor Advisors LLC purchased a new position in Capital Group Municipal High-Income ETF during the fourth quarter worth approximately $68,000.

Capital Group Municipal High-Income ETF Stock Up 0.1%

NYSEARCA:CGHM opened at $25.41 on Friday. Capital Group Municipal High-Income ETF has a fifty-two week low of $24.29 and a fifty-two week high of $30.00. The firm’s 50 day moving average is $25.52 and its two-hundred day moving average is $25.58.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.