Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Plans Monthly Dividend of $0.11

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) announced a monthly dividend on Tuesday, December 23rd. Investors of record on Wednesday, December 24th will be paid a dividend of 0.113 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Wednesday, December 24th. This is a 41.8% increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08.

Capital Group Municipal High-Income ETF Stock Down 0.5%

CGHM stock traded down $0.13 during mid-day trading on Wednesday, reaching $25.41. 13,206 shares of the company traded hands, compared to its average volume of 385,521. The company has a fifty day moving average price of $25.56 and a 200-day moving average price of $25.05. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.73.

Institutional Trading of Capital Group Municipal High-Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Advyzon Investment Management LLC bought a new stake in Capital Group Municipal High-Income ETF during the second quarter valued at $548,000. World Investment Advisors bought a new stake in shares of Capital Group Municipal High-Income ETF during the 2nd quarter valued at about $268,000. Global Retirement Partners LLC bought a new position in shares of Capital Group Municipal High-Income ETF in the second quarter worth approximately $456,000. Envestnet Asset Management Inc. raised its stake in Capital Group Municipal High-Income ETF by 90.1% in the second quarter. Envestnet Asset Management Inc. now owns 59,900 shares of the company’s stock valued at $1,476,000 after purchasing an additional 28,386 shares in the last quarter. Finally, Perennial Investment Advisors LLC lifted its position in Capital Group Municipal High-Income ETF by 406.0% during the second quarter. Perennial Investment Advisors LLC now owns 42,836 shares of the company’s stock valued at $1,055,000 after purchasing an additional 34,370 shares during the last quarter.

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.