Private Advisor Group LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 38,835 shares of the company’s stock, valued at approximately $998,000. Private Advisor Group LLC owned approximately 1.94% of Capital Group Short Duration Municipal Income ETF as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $82,000. Pillar Wealth Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $556,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 20.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 43,829 shares of the company’s stock worth $1,127,000 after purchasing an additional 7,314 shares during the last quarter.
Capital Group Short Duration Municipal Income ETF Stock Up 0.2 %
Shares of CGSM stock opened at $25.90 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $24.96 and a 52-week high of $25.93. The firm’s 50-day moving average is $25.73 and its 200-day moving average is $25.74.
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.
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