Forge Financial Services LLC Acquires 44,218 Shares of Capital Group Municipal High-Income ETF $CGHM

Forge Financial Services LLC bought a new position in shares of Capital Group Municipal High-Income ETF (NYSEARCA:CGHM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 44,218 shares of the company’s stock, valued at approximately $1,097,000. Capital Group Municipal High-Income ETF makes up about 0.1% of Forge Financial Services LLC’s holdings, making the stock its 20th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Analysts LLC grew its stake in shares of Capital Group Municipal High-Income ETF by 40.9% in the second quarter. Capital Analysts LLC now owns 187,286 shares of the company’s stock valued at $4,842,000 after acquiring an additional 54,387 shares in the last quarter. HB Wealth Management LLC bought a new position in Capital Group Municipal High-Income ETF during the second quarter worth about $990,000. J. Derek Lewis & Associates Inc. raised its stake in Capital Group Municipal High-Income ETF by 10.0% in the 1st quarter. J. Derek Lewis & Associates Inc. now owns 580,246 shares of the company’s stock worth $14,667,000 after purchasing an additional 52,924 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group Municipal High-Income ETF by 10.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,298,153 shares of the company’s stock worth $343,757,000 after purchasing an additional 1,227,406 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Capital Group Municipal High-Income ETF by 30.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 377,526 shares of the company’s stock worth $9,087,000 after purchasing an additional 88,124 shares in the last quarter.

Capital Group Municipal High-Income ETF Stock Performance

NYSEARCA CGHM traded down $0.09 during trading on Friday, reaching $24.72. The company’s stock had a trading volume of 765,562 shares, compared to its average volume of 625,348. Capital Group Municipal High-Income ETF has a 12 month low of $23.81 and a 12 month high of $30.00. The firm has a 50 day moving average price of $24.57 and a 200 day moving average price of $25.35.

Capital Group Municipal High-Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were issued a dividend of $0.0853 per share. This is a drop from Capital Group Municipal High-Income ETF’s previous monthly dividend of $0.0884. This represents a $1.02 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 30th.

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.