Platt Wealth Management LLC Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

Platt Wealth Management LLC bought a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 174,255 shares of the company’s stock, valued at approximately $4,440,000. Capital Group Municipal High-Income ETF comprises 4.4% of Platt Wealth Management LLC’s holdings, making the stock its 9th largest holding. Platt Wealth Management LLC owned 0.17% of Capital Group Municipal High-Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of CGHM. Capital International Investors raised its position in shares of Capital Group Municipal High-Income ETF by 77,872.4% in the third quarter. Capital International Investors now owns 58,479,281 shares of the company’s stock valued at $1,478,941,000 after buying an additional 58,404,281 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 15,962.1% in the third quarter. Envestnet Asset Management Inc. now owns 9,621,180 shares of the company’s stock valued at $243,320,000 after buying an additional 9,561,280 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Capital Group Municipal High-Income ETF by 835.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,643,882 shares of the company’s stock valued at $41,886,000 after buying an additional 1,468,177 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $32,932,000. Finally, Assetmark Inc. acquired a new stake in shares of Capital Group Municipal High-Income ETF in the third quarter valued at about $27,175,000.

Capital Group Municipal High-Income ETF Trading Up 0.1%

Shares of NYSEARCA CGHM opened at $25.44 on Friday. The firm has a 50-day simple moving average of $25.52 and a 200-day simple moving average of $25.58. Capital Group Municipal High-Income ETF has a 52 week low of $24.29 and a 52 week high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.