Richards Merrill & Peterson Inc. Sells 107,277 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Richards Merrill & Peterson Inc. lowered its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 84.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 20,425 shares of the company’s stock after selling 107,277 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $525,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. IFP Advisors Inc lifted its stake in Capital Group Short Duration Municipal Income ETF by 21.0% during the third quarter. IFP Advisors Inc now owns 22,453 shares of the company’s stock worth $577,000 after purchasing an additional 3,903 shares in the last quarter. Fiscal Wisdom Wealth Management LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter valued at $215,000. KWB Wealth acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter valued at $245,000. Sard Wealth Management Group LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 0.6% in the third quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock valued at $1,736,000 after buying an additional 395 shares in the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 76.6% in the 3rd quarter. AdvisorNet Financial Inc now owns 25,282 shares of the company’s stock valued at $654,000 after buying an additional 10,965 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM stock traded down $0.01 on Monday, hitting $25.97. The stock had a trading volume of 277,806 shares, compared to its average volume of 358,496. The company’s 50 day moving average price is $26.06 and its 200-day moving average price is $26.24. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.59 and a 1 year high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0640 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.77 annualized dividend and a yield of 3.0%. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

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.