Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,085 shares of the company’s stock after purchasing an additional 5,565 shares during the quarter. Envestnet Portfolio Solutions Inc. owned approximately 4.35% of Capital Group Short Duration Municipal Income ETF worth $2,262,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Avantax Advisory Services Inc. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 8.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,380 shares of the company’s stock valued at $270,000 after purchasing an additional 779 shares during the last quarter. AdvisorNet Financial Inc lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 20.5% during the fourth quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after buying an additional 805 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 223.6% during the fourth quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock valued at $32,000 after buying an additional 854 shares during the period. Peterson Wealth Advisors LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 9.3% during the fourth quarter. Peterson Wealth Advisors LLC now owns 11,773 shares of the company’s stock valued at $306,000 after buying an additional 999 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 2.0% during the fourth quarter. Principal Securities Inc. now owns 52,050 shares of the company’s stock valued at $1,352,000 after buying an additional 1,016 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM opened at $26.12 on Friday. The company’s 50 day simple moving average is $26.10 and its 200 day simple moving average is $26.13. 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a dividend of $0.0505 per share. The ex-dividend date was Friday, January 31st.

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.