Vestmark Advisory Solutions Inc. Lowers Position in Capital Group Short Duration Municipal Income ETF $CGSM

Vestmark Advisory Solutions Inc. decreased its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 40.5% during the third quarter, HoldingsChannel.com reports. The firm owned 219,067 shares of the company’s stock after selling 148,829 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $5,775,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CGSM. Baird Financial Group Inc. bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at approximately $242,000. Royal Bank of Canada boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 31.5% during the first quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock valued at $3,619,000 after buying an additional 33,367 shares during the last quarter. Jane Street Group LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 327.9% in the 1st quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock worth $3,060,000 after buying an additional 90,157 shares in the last quarter. D.A. Davidson & CO. raised its position in Capital Group Short Duration Municipal Income ETF by 24.3% in the 2nd quarter. D.A. Davidson & CO. now owns 24,555 shares of the company’s stock worth $640,000 after buying an additional 4,800 shares during the last quarter. Finally, VestGen Investment Management purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at about $241,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

Shares of CGSM stock opened at $26.64 on Monday. The company has a 50 day moving average price of $26.48 and a 200-day moving average price of $26.40. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.64.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were given a dividend of $0.058 per share. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Friday, January 30th.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.