MFA Wealth Services Makes New Investment in Capital Group Municipal High-Income ETF $CGHM

MFA Wealth Services acquired a new stake in Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 25,587 shares of the company’s stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGHM. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Municipal High-Income ETF by 10.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock valued at $343,757,000 after acquiring an additional 1,227,406 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in shares of Capital Group Municipal High-Income ETF in the fourth quarter worth $13,436,000. Cetera Investment Advisers increased its position in shares of Capital Group Municipal High-Income ETF by 17.4% in the first quarter. Cetera Investment Advisers now owns 2,499,808 shares of the company’s stock worth $63,295,000 after purchasing an additional 370,741 shares during the period. Kestra Advisory Services LLC increased its position in shares of Capital Group Municipal High-Income ETF by 513.2% in the first quarter. Kestra Advisory Services LLC now owns 438,921 shares of the company’s stock worth $11,113,000 after purchasing an additional 367,340 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Capital Group Municipal High-Income ETF by 28.1% in the first quarter. Janney Montgomery Scott LLC now owns 927,408 shares of the company’s stock worth $23,482,000 after purchasing an additional 203,278 shares during the period.

Capital Group Municipal High-Income ETF Stock Up 0.5%

CGHM stock opened at $24.20 on Wednesday. The business has a 50-day simple moving average of $24.87 and a 200 day simple moving average of $25.36. Capital Group Municipal High-Income ETF has a 52 week low of $23.81 and a 52 week high of $30.00.

Capital Group Municipal High-Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0884 per share. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0758. This represents a $1.06 dividend on an annualized basis and a yield of 4.4%.

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.