Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Increases Dividend to $0.09 Per Share

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) declared a monthly dividend on Monday, September 28th. Shareholders 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 Price Performance

Shares of CGHM stock traded down $0.20 on Tuesday, hitting $23.86. The stock had a trading volume of 805,170 shares, compared to its average volume of 455,645. The company’s 50 day moving average price is $25.19 and its 200-day moving average price is $25.48. Capital Group Municipal High-Income ETF has a 1 year low of $23.81 and a 1 year high of $30.00.

Hedge Funds Weigh In On Capital Group Municipal High-Income ETF

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

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.