Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) Announces Monthly Dividend of $0.06

Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) declared a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, January 30th will be given a dividend of 0.0635 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, January 30th.

Capital Group Municipal High-Income ETF Price Performance

Shares of NYSEARCA CGHM traded down $0.05 during trading hours on Friday, hitting $25.55. 97,267 shares of the company’s stock were exchanged, compared to its average volume of 481,181. The company’s 50-day moving average price is $25.54 and its 200-day moving average price is $25.23. Capital Group Municipal High-Income ETF has a 1-year low of $23.45 and a 1-year high of $25.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CGHM. Royal Bank of Canada grew its position in Capital Group Municipal High-Income ETF by 113.5% during the first quarter. Royal Bank of Canada now owns 82,978 shares of the company’s stock worth $2,080,000 after buying an additional 44,104 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Capital Group Municipal High-Income ETF by 349.1% in the first quarter. Jane Street Group LLC now owns 93,676 shares of the company’s stock valued at $2,348,000 after purchasing an additional 72,817 shares in the last quarter. Venture Visionary Partners LLC bought a new position in Capital Group Municipal High-Income ETF in the second quarter worth $510,000. Vicus Capital acquired a new stake in Capital Group Municipal High-Income ETF during the second quarter worth $346,000. Finally, Oak Hill Wealth Advisors LLC increased its stake in Capital Group Municipal High-Income ETF by 3.5% in the second quarter. Oak Hill Wealth Advisors LLC now owns 12,360 shares of the company’s stock valued at $304,000 after acquiring an additional 415 shares during the period.

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.