Simplicity Wealth LLC Takes 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) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 80,005 shares of the company’s stock, valued at approximately $2,023,000. Simplicity Wealth LLC owned 0.09% of Capital Group Municipal High-Income ETF as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in Capital Group Municipal High-Income ETF by 13.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 598,566 shares of the company’s stock worth $15,138,000 after acquiring an additional 72,791 shares during the period. Advyzon Investment Management LLC acquired a new position in shares of Capital Group Municipal High-Income ETF in the 2nd quarter valued at about $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. Ascent Group LLC acquired a new stake in Capital Group Municipal High-Income ETF during the third quarter worth approximately $653,000. Finally, Global Retirement Partners LLC acquired a new stake in Capital Group Municipal High-Income ETF during the second quarter worth approximately $456,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of CGHM opened at $25.56 on Friday. Capital Group Municipal High-Income ETF has a 52-week low of $23.45 and a 52-week high of $25.73. The business’s 50 day moving average price is $25.53 and its two-hundred day moving average price is $25.19.

Capital Group Municipal High-Income ETF Increases Dividend

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

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.