Arkadios Wealth Advisors Invests $832,000 in Capital Group Municipal High-Income ETF $CGHM

Arkadios Wealth Advisors purchased a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the third quarter, HoldingsChannel reports. The institutional investor purchased 32,884 shares of the company’s stock, valued at approximately $832,000.

A number of other institutional investors have also added to or reduced their stakes in CGHM. Oak Hill Wealth Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 3.5% in the 2nd quarter. Oak Hill Wealth Advisors LLC now owns 12,360 shares of the company’s stock valued at $304,000 after purchasing an additional 415 shares during the last quarter. Harbour Investments Inc. increased its holdings in shares of Capital Group Municipal High-Income ETF by 3.3% during the second quarter. Harbour Investments Inc. now owns 21,953 shares of the company’s stock worth $541,000 after buying an additional 705 shares in the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Capital Group Municipal High-Income ETF by 9.8% in the 3rd quarter. AdvisorNet Financial Inc now owns 9,760 shares of the company’s stock valued at $247,000 after acquiring an additional 868 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Capital Group Municipal High-Income ETF by 203.0% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after acquiring an additional 1,218 shares in the last quarter. Finally, Prospera Financial Services Inc grew its position in Capital Group Municipal High-Income ETF by 5.1% during the 2nd quarter. Prospera Financial Services Inc now owns 27,270 shares of the company’s stock worth $672,000 after acquiring an additional 1,321 shares during the last quarter.

Capital Group Municipal High-Income ETF Stock Up 0.1%

Shares of CGHM opened at $25.58 on Monday. Capital Group Municipal High-Income ETF has a 12-month low of $23.45 and a 12-month high of $25.73. The business has a 50-day simple moving average of $25.53 and a two-hundred day simple moving average of $25.21.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were paid a $0.113 dividend. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

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.