Capital International Investors Increases Stock Position in Capital Group Short Duration Municipal Income ETF $CGSM

Capital International Investors grew its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,026,702 shares of the company’s stock after acquiring an additional 125,134 shares during the quarter. Capital International Investors owned about 0.35% of Capital Group Short Duration Municipal Income ETF worth $343,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGSM. Baird Financial Group Inc. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the first quarter worth approximately $242,000. Royal Bank of Canada boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 31.5% in the first quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock worth $3,619,000 after buying an additional 33,367 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 327.9% in the first 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 during the last quarter. Sei Investments Co. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the second quarter worth approximately $606,000. Finally, Raymond James Financial Inc. boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 176.4% in the second quarter. Raymond James Financial Inc. now owns 104,881 shares of the company’s stock worth $2,735,000 after buying an additional 66,933 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.35 on Monday. The company’s 50 day moving average is $26.34 and its 200 day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.97 and a 12-month high of $26.68.

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.