Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Raises Dividend to $0.07 Per Share

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, February 27th will be given a dividend of 0.0667 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a 15.0% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock traded down $0.08 during mid-day trading on Friday, hitting $26.61. The stock had a trading volume of 653,920 shares, compared to its average volume of 269,231. The firm has a fifty day simple moving average of $26.50 and a 200 day simple moving average of $26.41. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.68.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

Institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 1.6% in the 2nd quarter. Wedbush Securities Inc. now owns 32,635 shares of the company’s stock worth $851,000 after acquiring an additional 516 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 5.0% in the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock worth $345,000 after purchasing an additional 625 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 14.6% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock worth $145,000 after buying an additional 700 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 6.6% during the third quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock valued at $325,000 after acquiring an additional 761 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 4.6% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after acquiring an additional 925 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Company 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.