Capital Group Municipal High-Income ETF $CGHM Holdings Lifted by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC boosted its position in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 86.3% in the third quarter, HoldingsChannel reports. The firm owned 731,072 shares of the company’s stock after buying an additional 338,728 shares during the quarter. Capital Group Municipal High-Income ETF accounts for about 4.1% of Strata Wealth Advisors LLC’s holdings, making the stock its 8th largest holding. Strata Wealth Advisors LLC’s holdings in Capital Group Municipal High-Income ETF were worth $17,597,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Capital Group Municipal High-Income ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock valued at $343,757,000 after buying an additional 1,227,406 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of Capital Group Municipal High-Income ETF by 17.4% in the 1st quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after buying an additional 370,741 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Capital Group Municipal High-Income ETF by 6.3% in the 1st quarter. Assetmark Inc. now owns 1,199,578 shares of the company’s stock worth $30,373,000 after buying an additional 70,900 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Capital Group Municipal High-Income ETF by 20.2% in the first quarter. Royal Bank of Canada now owns 973,146 shares of the company’s stock valued at $24,640,000 after acquiring an additional 163,290 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Capital Group Municipal High-Income ETF by 28.1% in the first quarter. Janney Montgomery Scott LLC now owns 927,408 shares of the company’s stock valued at $23,482,000 after acquiring an additional 203,278 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Down 0.0%

Shares of CGHM opened at $24.42 on Friday. The stock has a 50 day moving average of $24.80 and a 200 day moving average of $25.34. Capital Group Municipal High-Income ETF has a 12 month low of $23.81 and a 12 month high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0884 dividend. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758. This represents a $1.06 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 29th.

Capital Group Municipal High-Income ETF 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.