NewEdge Advisors LLC Buys 21,013 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

NewEdge Advisors LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 40.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,803 shares of the company’s stock after buying an additional 21,013 shares during the period. NewEdge Advisors LLC owned about 0.17% of Capital Group Short Duration Municipal Income ETF worth $1,913,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. EQ Wealth Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the 4th quarter worth about $30,000. JPMorgan Chase & Co. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock worth $43,000 after buying an additional 1,319 shares in the last quarter. Private Trust Co. NA purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter worth approximately $50,000. Comerica Bank boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 248.5% in the 3rd quarter. Comerica Bank now owns 2,973 shares of the company’s stock worth $78,000 after buying an additional 2,120 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at approximately $101,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.33 on Friday. The business’s fifty day simple moving average is $26.34 and its 200 day simple moving average is $26.40. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.18 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.