Summary
CGHM Chart
Confluence Wealth Services Inc. Increases Holdings in Capital Group Municipal High-Income ETF $CGHM
Confluence Wealth Services Inc. raised its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 698,946 shares of the company's stock after buying an additional 67,555 shares
Capital Group Municipal High-Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 442,727 | $11.22M | $11.42M | $195,670.72 | 1.74% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 65,924 | $1.67M | $1.7M | $31,255.72 | 1.87% |
| LJB Laura J. Bornheimer GWN SECURITIES Inc. | 60,046 | $1.52M | $1.55M | $26,532.39 | 1.74% |
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 11,750 | $297,510 | $302,973.75 | $5,463.75 | 1.84% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 1,318 | $34,005.39 | $33,984.63 | -$20.76 | -0.06% |
Capital Group Municipal High-Income ETF (CGHM) FAQ
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Capital Group Municipal High-Income ETF Profile
| ARCA Exchange | US Country |
Overview
The described fund is dedicated to investing a significant portion of its assets into bonds and other debt securities that generate income. By aiming to allocate at least 80% of its resources towards these financial instruments, the fund primarily focuses on acquiring assets that are not only income-accruing but are also predominantly of investment grade and denominated in U.S. dollars. The investment strategy is designed to capitalize on the stability and potential returns from short-term debt, positioning the fund as an attractive option for investors looking to diversify their portfolio with fixed-income assets. The fund operates under normal market conditions, emphasizing the acquisition of high-quality, short-term money market instruments alongside government and corporate securities, which underscores its conservative investment approach geared towards minimizing risk while seeking to ensure a steady income stream.
Products and Services
- High-Quality, Short-Term Money Market Instruments
These include commercial paper and certificates of deposit, which are considered low-risk investments and are utilized by the fund to maintain liquidity and achieve short-term investment goals. Money market instruments are appealing for their high liquidity and shorter maturity period, making them an integral part of the fund's strategy to provide income while also preserving capital.
- U.S. Treasury Securities and Other Government Securities
These are securities guaranteed or issued by an agency or instrumentality of the U.S. government. The inclusion of U.S. Treasury securities and other government securities in the fund's portfolio underpins its focus on stability and low risk. These investments offer a secure avenue for income, backed by the full faith and credit of the U.S. government, thereby appealing to conservative investors seeking to minimize their exposure to volatility.
- Corporate Securities
This component of the fund's portfolio includes debt instruments issued by corporations. By investing in corporate securities, the fund aims to capture higher yields compared to government securities, albeit with a slightly increased risk profile. These investments are selected based on their investment-grade rating, denoting a high level of creditworthiness, which aligns with the fund's strategy of focusing on income-generating assets while maintaining a conservative risk stance.
