AA Financial Advisors LLC Buys 53,095 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

AA Financial Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 53,095 shares of the company’s stock, valued at approximately $1,365,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CGSM. Sard Wealth Management Group LLC lifted its position in Capital Group Short Duration Municipal Income ETF by 0.6% during the 3rd quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock worth $1,736,000 after acquiring an additional 395 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 4.2% in the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after purchasing an additional 600 shares during the last quarter. Apella Capital LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 0.4% in the second quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock worth $4,028,000 after purchasing an additional 663 shares during the period. Capital Analysts LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 38.2% in the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock worth $137,000 after purchasing an additional 1,427 shares during the period. Finally, Continuum Advisory LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the second quarter worth about $42,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM remained flat at $25.98 during trading hours on Monday. The company had a trading volume of 533,469 shares, compared to its average volume of 359,976. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.59 and a fifty-two week high of $26.68. The firm has a fifty day moving average of $26.06 and a 200-day moving average of $26.24.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.0640 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. 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.