Confluence Wealth Services Inc. Acquires 1,918 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Confluence Wealth Services Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 4.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 42,259 shares of the company’s stock after acquiring an additional 1,918 shares during the quarter. Confluence Wealth Services Inc. owned 0.15% of Capital Group Short Duration Municipal Income ETF worth $1,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CGSM. LPL Financial LLC raised its position in Capital Group Short Duration Municipal Income ETF by 27.9% in the 1st quarter. LPL Financial LLC now owns 801,441 shares of the company’s stock worth $20,845,000 after purchasing an additional 174,825 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 7.5% in the first quarter. Envestnet Asset Management Inc. now owns 1,577,626 shares of the company’s stock worth $41,034,000 after buying an additional 109,837 shares during the period. Financial Connections Group Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 517.3% in the first quarter. Financial Connections Group Inc. now owns 130,941 shares of the company’s stock worth $3,405,000 after buying an additional 109,730 shares during the period. Jane Street Group LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 327.9% in the 1st quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock valued at $3,060,000 after acquiring an additional 90,157 shares during the last quarter. Finally, Hartmann Taylor Wealth Management LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the 1st quarter valued at about $2,317,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM opened at $26.35 on Tuesday. The stock’s 50 day simple moving average is $26.32 and its 200 day simple moving average is $26.10. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0622 dividend. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 29th.

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.