Capital Group Short Duration Municipal Income ETF $CGSM Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 128.9% during the 2nd quarter, Holdings Channel reports. The fund owned 367,896 shares of the company’s stock after buying an additional 207,173 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $9,595,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. D.A. Davidson & CO. increased its position in Capital Group Short Duration Municipal Income ETF by 2.9% during the first quarter. D.A. Davidson & CO. now owns 19,755 shares of the company’s stock worth $514,000 after purchasing an additional 565 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 1.9% in the 1st quarter. Wedbush Securities Inc. now owns 32,119 shares of the company’s stock valued at $835,000 after buying an additional 584 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 3.5% during the 1st quarter. Benjamin Edwards Inc. now owns 29,843 shares of the company’s stock worth $776,000 after buying an additional 1,004 shares during the last quarter. Uhlmann Price Securities LLC raised its position in shares of Capital Group Short Duration Municipal Income ETF by 7.5% during the 2nd quarter. Uhlmann Price Securities LLC now owns 16,213 shares of the company’s stock valued at $423,000 after buying an additional 1,125 shares during the period. Finally, Assetmark Inc. raised its position in shares of Capital Group Short Duration Municipal Income ETF by 2.3% during the 1st quarter. Assetmark Inc. now owns 73,775 shares of the company’s stock valued at $1,919,000 after buying an additional 1,675 shares during the period.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

CGSM opened at $26.33 on Friday. Capital Group Short Duration Municipal Income ETF has a one year low of $25.55 and a one year high of $26.55. The business’s 50 day moving average price is $26.39 and its 200 day moving average price is $26.18.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Investors of record on Friday, October 31st were given a dividend of $0.0745 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, October 31st. This is a positive change 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.