JPMorgan Chase & Co. Buys New Shares in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

JPMorgan Chase & Co. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,317 shares of the company’s stock, valued at approximately $35,000. JPMorgan Chase & Co. owned 0.07% of Capital Group Short Duration Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth approximately $81,740,000. MML Investors Services LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter worth approximately $5,092,000. Janney Montgomery Scott LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter worth $2,180,000. Private Advisor Group LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF by 168.8% in the third quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock worth $3,245,000 after acquiring an additional 77,611 shares in the last quarter. Finally, Orion Portfolio Solutions LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at $1,943,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA:CGSM opened at $26.08 on Wednesday. The firm’s fifty day simple moving average is $26.06 and its 200 day simple moving average is $26.12. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.54 and a twelve month high of $26.34.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a dividend of $0.0505 per share. The ex-dividend date of this dividend was Friday, January 31st.

Capital Group Short Duration Municipal Income ETF Profile

The Capital Group Short Duration Municipal Income ETF (CGSM) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund actively manages a portfolio of US municipal bonds exempt from regular federal income tax. The portfolio is mostly comprised of investment grade debts and the average portfolio duration is expected to be one year.