Simplicity Wealth LLC Takes $2.02 Million Position in Capital Group Municipal High-Income ETF $CGHM

Simplicity Wealth LLC acquired a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) during the third quarter, Holdings Channel reports. The fund acquired 80,005 shares of the company’s stock, valued at approximately $2,023,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE acquired a new position in Capital Group Municipal High-Income ETF during the 2nd quarter worth approximately $34,000. Creative Financial Designs Inc. ADV grew its stake in Capital Group Municipal High-Income ETF by 203.0% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,818 shares of the company’s stock valued at $45,000 after acquiring an additional 1,218 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Capital Group Municipal High-Income ETF by 97.9% during the second quarter. Opal Wealth Advisors LLC now owns 2,066 shares of the company’s stock valued at $51,000 after acquiring an additional 1,022 shares in the last quarter. EQ Wealth Advisors LLC bought a new stake in shares of Capital Group Municipal High-Income ETF during the second quarter valued at approximately $66,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of Capital Group Municipal High-Income ETF during the third quarter worth approximately $93,000.

Capital Group Municipal High-Income ETF Trading Down 0.0%

Shares of CGHM opened at $25.56 on Friday. The business’s fifty day moving average is $25.53 and its 200 day moving average is $25.19. Capital Group Municipal High-Income ETF has a 12-month low of $23.45 and a 12-month high of $25.73.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.113 per share. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date was Wednesday, December 24th.

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.