Capital Group Private Client Services Inc. Purchases 300,787 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Capital Group Private Client Services Inc. increased its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 87.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 645,901 shares of the company’s stock after purchasing an additional 300,787 shares during the quarter. Capital Group Private Client Services Inc. owned approximately 1.93% of Capital Group Short Duration Municipal Income ETF worth $17,026,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CGSM. Envestnet Asset Management Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after buying an additional 454,829 shares during the period. Captrust Financial Advisors boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 19.2% during the 2nd quarter. Captrust Financial Advisors now owns 728,735 shares of the company’s stock valued at $19,005,000 after acquiring an additional 117,323 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 8.7% during the 2nd quarter. Cetera Investment Advisers now owns 410,680 shares of the company’s stock valued at $10,711,000 after acquiring an additional 32,913 shares in the last quarter. Osaic Holdings Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 32.1% in the second quarter. Osaic Holdings Inc. now owns 362,187 shares of the company’s stock valued at $9,445,000 after acquiring an additional 87,994 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Capital Group Short Duration Municipal Income ETF by 64.6% in the third quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock valued at $7,927,000 after acquiring an additional 117,877 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.51 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.55 and a 12 month high of $26.68. The company has a 50-day moving average price of $26.52 and a two-hundred day moving average price of $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.0667 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Profile

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.