Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors grew its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 95.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,621 shares of the company’s stock after acquiring an additional 8,603 shares during the quarter. Captrust Financial Advisors owned about 0.88% of Capital Group Short Duration Municipal Income ETF worth $463,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. WR Wealth Planners LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 55.7% during the second quarter. WR Wealth Planners LLC now owns 2,373 shares of the company’s stock valued at $61,000 after purchasing an additional 849 shares during the period. ICA Group Wealth Management LLC raised its position in shares of 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 buying an additional 1,300 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 19.3% in 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 during the period. Tempus Wealth Planning LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $229,000. Finally, Smith Thornton Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the second quarter valued at approximately $250,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM opened at $26.18 on Friday. The business has a 50 day moving average price of $26.16 and a two-hundred day moving average price of $26.05. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.54 and a 1-year high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 2nd. Stockholders of record on Friday, November 29th were issued a $0.0608 dividend. 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.