Citadel Advisors LLC Sells 28,834 Shares of Capital Group Municipal High-Income ETF $CGHM

Citadel Advisors LLC cut its stake in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) by 18.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 124,944 shares of the company’s stock after selling 28,834 shares during the quarter. Citadel Advisors LLC owned approximately 0.10% of Capital Group Municipal High-Income ETF worth $3,230,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CoreCap Advisors LLC grew its holdings in shares of Capital Group Municipal High-Income ETF by 653.1% in the 2nd quarter. CoreCap Advisors LLC now owns 1,318 shares of the company’s stock worth $34,000 after purchasing an additional 1,143 shares during the last quarter. Bank of America Corp DE bought a new position in Capital Group Municipal High-Income ETF during the 2nd quarter valued at about $34,000. Western Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF during the 1st quarter valued at about $36,000. CIBC Private Wealth Group LLC acquired a new position in Capital Group Municipal High-Income ETF in the third quarter valued at about $48,000. Finally, Advisory Services Network LLC acquired a new position in Capital Group Municipal High-Income ETF in the third quarter valued at about $61,000.

Capital Group Municipal High-Income ETF Price Performance

Shares of Capital Group Municipal High-Income ETF stock opened at $25.06 on Tuesday. Capital Group Municipal High-Income ETF has a 1-year low of $24.80 and a 1-year high of $30.00. The firm’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $25.60.

Capital Group Municipal High-Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 3rd. Stockholders of record on Friday, July 31st were issued a $0.1139 dividend. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, July 31st. This is an increase from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.09.

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.