Platt Wealth Management LLC Acquires 53,372 Shares of Capital Group Municipal High-Income ETF $CGHM

Platt Wealth Management LLC lifted its stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 25.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,989 shares of the company’s stock after purchasing an additional 53,372 shares during the quarter. Capital Group Municipal High-Income ETF comprises approximately 5.0% of Platt Wealth Management LLC’s holdings, making the stock its 6th largest position. Platt Wealth Management LLC owned 0.18% of Capital Group Municipal High-Income ETF worth $6,402,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. CoreCap Advisors LLC increased its position in Capital Group Municipal High-Income ETF by 653.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock valued at $34,000 after buying an additional 1,143 shares in the last quarter. Western Wealth Management LLC purchased a new position in Capital Group Municipal High-Income ETF during the first quarter valued at $36,000. Signature Equity Partners LLC purchased a new position in Capital Group Municipal High-Income ETF during the third quarter valued at $50,000. WNY Asset Management LLC bought a new stake in Capital Group Municipal High-Income ETF in the first quarter worth $207,000. Finally, Members Advisory Group LLC bought a new stake in Capital Group Municipal High-Income ETF in the second quarter worth $210,000.

Capital Group Municipal High-Income ETF Price Performance

NYSEARCA CGHM opened at $25.06 on Monday. Capital Group Municipal High-Income ETF has a 12 month low of $23.81 and a 12 month high of $30.00. The stock’s fifty day moving average price is $24.59 and its 200-day moving average price is $25.37.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a $0.0853 dividend. The ex-dividend date of this dividend was Friday, October 30th. This represents a $1.02 annualized dividend and a dividend yield of 4.1%. This is a drop from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884.

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.