Confluence Wealth Services Inc. Increases Holdings in Capital Group Municipal High-Income ETF $CGHM

Confluence Wealth Services Inc. raised its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 698,946 shares of the company’s stock after buying an additional 67,555 shares during the period. Capital Group Municipal High-Income ETF comprises approximately 0.7% of Confluence Wealth Services Inc.’s holdings, making the stock its 25th largest position. Confluence Wealth Services Inc. owned approximately 0.69% of Capital Group Municipal High-Income ETF worth $17,809,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Freedom Financial Partners LLC raised its stake in Capital Group Municipal High-Income ETF by 4.0% during the 4th quarter. Freedom Financial Partners LLC now owns 12,576 shares of the company’s stock valued at $320,000 after buying an additional 488 shares during the last quarter. AdvisorNet Financial Inc increased 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 worth $247,000 after purchasing an additional 868 shares in the last quarter. Merit Financial Group LLC increased its stake in shares of Capital Group Municipal High-Income ETF by 13.0% in the 4th quarter. Merit Financial Group LLC now owns 10,156 shares of the company’s stock worth $259,000 after purchasing an additional 1,171 shares in the last quarter. Bank of America Corp DE purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter worth $34,000. Finally, Earned Wealth Advisors LLC increased its stake in shares of Capital Group Municipal High-Income ETF by 5.9% in the 4th quarter. Earned Wealth Advisors LLC now owns 33,042 shares of the company’s stock worth $842,000 after purchasing an additional 1,853 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

NYSEARCA:CGHM opened at $25.67 on Thursday. Capital Group Municipal High-Income ETF has a one year low of $24.29 and a one year high of $30.00. The business has a fifty day moving average price of $25.62 and a 200-day moving average price of $25.58.

Capital Group Municipal High-Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a $0.0982 dividend. 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. This represents a c) annualized dividend and a dividend yield of 4.6%.

About Capital Group Municipal High-Income ETF

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.