Forge Financial Services LLC Acquires 44,218 Shares of Capital Group Municipal High-Income ETF $CGHM

Forge Financial Services LLC acquired a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,218 shares of the company’s stock, valued at approximately $1,097,000. Capital Group Municipal High-Income ETF accounts for about 0.1% of Forge Financial Services LLC’s investment portfolio, making the stock its 20th biggest position.

Other hedge funds also recently modified their holdings of the company. CoreCap Advisors LLC boosted its holdings in shares of Capital Group Municipal High-Income ETF by 653.1% during the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock worth $34,000 after buying an additional 1,143 shares during the period. Western Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF in the 1st quarter valued at about $36,000. Signature Equity Partners LLC bought a new position in Capital Group Municipal High-Income ETF in the 3rd quarter valued at about $50,000. Cornerstone Wealth Management LLC acquired a new stake in Capital Group Municipal High-Income ETF during the third quarter worth approximately $201,000. Finally, WNY Asset Management LLC acquired a new stake in Capital Group Municipal High-Income ETF during the first quarter worth approximately $207,000.

Capital Group Municipal High-Income ETF Trading Down 0.4%

Shares of NYSEARCA:CGHM traded down $0.09 during trading on Friday, reaching $24.72. 765,562 shares of the stock were exchanged, compared to its average volume of 625,348. Capital Group Municipal High-Income ETF has a 12 month low of $23.81 and a 12 month high of $30.00. The stock has a 50-day moving average price of $24.57 and a 200-day moving average price of $25.35.

Capital Group Municipal High-Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were paid a dividend of $0.0853 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 4.1%. This is a decrease from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884. The ex-dividend date was Friday, October 30th.

Capital Group Municipal High-Income ETF 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.