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

Gutierrez Wealth Advisory LLC raised its holdings in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 36.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 189,095 shares of the company’s stock after acquiring an additional 50,738 shares during the period. Capital Group Municipal High-Income ETF accounts for about 3.1% of Gutierrez Wealth Advisory LLC’s holdings, making the stock its 12th biggest position. Gutierrez Wealth Advisory LLC owned 2.19% of Capital Group Municipal High-Income ETF worth $4,658,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $26,000. International Assets Investment Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $209,000. Synergy Investment Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $244,000. Oak Hill Wealth Advisors LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $299,000. Finally, Thrive Wealth Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the second quarter valued at $346,000.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of NYSEARCA:CGHM 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 business has a fifty day simple moving average of $24.86 and a 200-day simple moving average of $24.68.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a $0.0814 dividend. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.02. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, September 29th.

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.