Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Plans Monthly Dividend of $0.09

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) announced a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be paid a dividend of $0.0884 per share on Wednesday, September 30th. This represents a $1.06 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, September 29th. This is a 16.6% increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758.

Capital Group Municipal High-Income ETF Trading Down 0.8%

CGHM stock traded down $0.20 during mid-day trading on Tuesday, hitting $23.86. 1,018,424 shares of the company were exchanged, compared to its average volume of 456,374. Capital Group Municipal High-Income ETF has a 12-month low of $23.81 and a 12-month high of $30.00. The business has a fifty day simple moving average of $25.19 and a 200-day simple moving average of $25.48.

Institutional Trading of Capital Group Municipal High-Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Capital Group Municipal High-Income ETF by 653.1% during the second quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock worth $34,000 after purchasing an additional 1,143 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of Capital Group Municipal High-Income ETF in the first quarter valued at $36,000. WNY Asset Management LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 1st quarter valued at $207,000. Members Advisory Group LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at $210,000. Finally, Advisortrust Partners LLC purchased a new stake in shares of Capital Group Municipal High-Income ETF in the 4th quarter valued at $257,000.

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.