Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC boosted its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 21.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 111,655 shares of the company’s stock after purchasing an additional 19,469 shares during the period. Commonwealth Equity Services LLC owned about 5.58% of Capital Group Short Duration Municipal Income ETF worth $2,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGSM. PUREfi Wealth LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth $12,204,000. Beta Wealth Group Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 0.6% during the 4th quarter. Beta Wealth Group Inc. now owns 231,945 shares of the company’s stock valued at $6,024,000 after acquiring an additional 1,278 shares during the period. MML Investors Services LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $5,092,000. Vestmark Advisory Solutions Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 35.0% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 151,145 shares of the company’s stock worth $3,925,000 after purchasing an additional 39,186 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 3.2% in the fourth quarter. Private Advisor Group LLC now owns 127,538 shares of the company’s stock valued at $3,312,000 after purchasing an additional 3,959 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0 %

Capital Group Short Duration Municipal Income ETF stock opened at $26.08 on Wednesday. The stock’s fifty day simple moving average is $26.11 and its 200-day simple moving average is $26.13. 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 declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a $0.0505 dividend. The ex-dividend date was Friday, January 31st.

About Capital Group Short Duration Municipal Income ETF

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.