Wealth Science Advisors LLC Acquires 93,834 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Wealth Science Advisors LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 368.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,300 shares of the company’s stock after acquiring an additional 93,834 shares during the quarter. Capital Group Short Duration Municipal Income ETF makes up 1.3% of Wealth Science Advisors LLC’s investment portfolio, making the stock its 16th largest holding. Wealth Science Advisors LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $3,067,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CGSM. Royal Bank of Canada lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 85.2% in the first quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock worth $8,570,000 after purchasing an additional 150,064 shares in the last quarter. Private Advisor Group LLC grew its position in Capital Group Short Duration Municipal Income ETF by 25.1% during the first quarter. Private Advisor Group LLC now owns 187,205 shares of the company’s stock valued at $4,920,000 after purchasing an additional 37,522 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after buying an additional 221,888 shares during the period. Baird Financial Group Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 36.6% in the 2nd quarter. Baird Financial Group Inc. now owns 135,780 shares of the company’s stock valued at $3,583,000 after buying an additional 36,369 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 46.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 149,372 shares of the company’s stock valued at $3,925,000 after buying an additional 47,661 shares during the period.

Capital Group Short Duration Municipal Income ETF Trading Up 0.3%

CGSM stock opened at $25.81 on Friday. The company has a 50 day moving average of $26.09 and a two-hundred day moving average of $26.26. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.59 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a dividend of $0.0640 per share. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th.

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.