Truist Financial Corp Grows Stock Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Truist Financial Corp raised its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 7.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,521 shares of the company’s stock after buying an additional 5,843 shares during the quarter. Truist Financial Corp owned approximately 4.03% of Capital Group Short Duration Municipal Income ETF worth $2,091,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CGSM. PUREfi Wealth LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter worth $12,204,000. Beta Wealth Group Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 22.5% during the third quarter. Beta Wealth Group Inc. now owns 230,667 shares of the company’s stock worth $6,057,000 after acquiring an additional 42,435 shares during the last quarter. MML Investors Services LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter worth about $5,092,000. Janney Montgomery Scott LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 86,354 shares of the company’s stock worth $2,243,000 after purchasing an additional 3,347 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $1,943,000.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.25 on Thursday. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 year high of $26.34. The firm has a 50 day moving average price of $26.05 and a 200 day moving average price of $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

Capital Group Short Duration Municipal Income ETF Company 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.