Landaas & Co. WI ADV Purchases 21,779 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Landaas & Co. WI ADV lifted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 230.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 31,220 shares of the company’s stock after acquiring an additional 21,779 shares during the period. Landaas & Co. WI ADV’s holdings in Capital Group Short Duration Municipal Income ETF were worth $822,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. First Heartland Consultants Inc. raised its position in Capital Group Short Duration Municipal Income ETF by 5.0% in the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock worth $345,000 after purchasing an additional 625 shares during the period. Capital Investment Advisory Services LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 14.6% in the third quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock worth $145,000 after buying an additional 700 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 6.6% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock worth $325,000 after acquiring an additional 761 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 5.3% during the 3rd quarter. Richards Merrill & Peterson Inc. now owns 19,900 shares of the company’s stock valued at $525,000 after acquiring an additional 1,000 shares during the period. Finally, Smith Thornton Advisors LLC grew its position in Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock valued at $1,578,000 after acquiring an additional 1,000 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Trading Down 0.1%

CGSM stock opened at $26.31 on Tuesday. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.55 and a twelve month high of $26.68. The business’s fifty day simple moving average is $26.50 and its two-hundred day simple moving average is $26.43.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.0667 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.0%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

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