Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC lessened its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 96.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,825 shares of the company’s stock after selling 299,461 shares during the period. International Assets Investment Management LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at $35,000. ICA Group Wealth Management LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 112.0% during the 2nd quarter. ICA Group Wealth Management LLC now owns 2,461 shares of the company’s stock worth $63,000 after acquiring an additional 1,300 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Capital Group Short Duration Municipal Income ETF by 19.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,831 shares of the company’s stock worth $99,000 after acquiring an additional 619 shares in the last quarter. Continental Investors Services Inc. acquired a new position in Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth about $219,000. Finally, Smith Thornton Advisors LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth about $250,000.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $25.96 on Monday. The stock’s 50-day moving average price is $26.08 and its 200 day moving average price is $26.10. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.54 and a 12-month high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were paid a dividend of $0.0608 per share. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, November 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.