Financial Connections Group Inc. Boosts Stake in Capital Group Short Duration Municipal Income ETF $CGSM

Financial Connections Group Inc. grew its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 28.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 168,237 shares of the company’s stock after acquiring an additional 37,296 shares during the period. Capital Group Short Duration Municipal Income ETF comprises about 1.8% of Financial Connections Group Inc.’s holdings, making the stock its 19th largest holding. Financial Connections Group Inc. owned about 0.60% of Capital Group Short Duration Municipal Income ETF worth $4,387,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peterson Wealth Advisors LLC grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 3.5% during the 1st quarter. Peterson Wealth Advisors LLC now owns 12,187 shares of the company’s stock worth $316,000 after acquiring an additional 414 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 2.9% during the 1st quarter. D.A. Davidson & CO. now owns 19,755 shares of the company’s stock worth $514,000 after acquiring an additional 565 shares during the period. Wedbush Securities Inc. grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.9% during the 1st quarter. Wedbush Securities Inc. now owns 32,119 shares of the company’s stock worth $835,000 after acquiring an additional 584 shares during the period. Benjamin Edwards Inc. grew 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 acquiring an additional 1,004 shares during the period. Finally, EQ Wealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 1st quarter worth approximately $30,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM opened at $26.38 on Friday. The business’s 50 day moving average price is $26.34 and its 200-day moving average price is $26.11. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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