Thrive Wealth Management LLC Purchases 19,797 Shares of Capital Group Municipal High-Income ETF $CGHM

Thrive Wealth Management LLC increased its position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 141.1% during the third quarter, HoldingsChannel.com reports. The firm owned 33,823 shares of the company’s stock after buying an additional 19,797 shares during the period. Thrive Wealth Management LLC’s holdings in Capital Group Municipal High-Income ETF were worth $855,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CGHM. Jones Financial Companies Lllp acquired a new stake in Capital Group Municipal High-Income ETF during the first quarter worth $7,940,000. Strata Wealth Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 1,393.0% during the second quarter. Strata Wealth Advisors LLC now owns 276,334 shares of the company’s stock worth $6,807,000 after purchasing an additional 257,825 shares during the period. Osaic Holdings Inc. grew its stake in shares of Capital Group Municipal High-Income ETF by 158.7% in the 2nd quarter. Osaic Holdings Inc. now owns 250,401 shares of the company’s stock valued at $6,168,000 after purchasing an additional 153,599 shares during the period. HighTower Advisors LLC lifted its position in shares of Capital Group Municipal High-Income ETF by 491.4% during the 1st quarter. HighTower Advisors LLC now owns 198,754 shares of the company’s stock worth $4,981,000 after buying an additional 165,147 shares during the period. Finally, Gutierrez Wealth Advisory LLC grew its position in Capital Group Municipal High-Income ETF by 36.7% in the second quarter. Gutierrez Wealth Advisory LLC now owns 189,095 shares of the company’s stock valued at $4,658,000 after acquiring an additional 50,738 shares during the period.

Capital Group Municipal High-Income ETF Stock Up 0.2%

CGHM opened at $25.53 on Wednesday. Capital Group Municipal High-Income ETF has a twelve month low of $23.45 and a twelve month high of $25.73. The firm’s 50-day simple moving average is $25.55 and its 200-day simple moving average is $25.01.

Capital Group Municipal High-Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were issued a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 3.7%.

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.