Capital Group Private Client Services Inc. Boosts Stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Capital Group Private Client Services Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 264.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,202 shares of the company’s stock after buying an additional 77,795 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.05% of Capital Group Short Duration Municipal Income ETF worth $2,784,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 223.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock valued at $32,000 after acquiring an additional 854 shares during the period. JPMorgan Chase & Co. purchased a new position in Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth $35,000. AdvisorNet Financial Inc increased its stake in Capital Group Short Duration Municipal Income ETF by 20.5% in the fourth quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after purchasing an additional 805 shares during the period. Souders Financial Advisors purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $259,000. Finally, Avantax Advisory Services Inc. boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 8.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,380 shares of the company’s stock worth $270,000 after buying an additional 779 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock opened at $25.83 on Friday. The business’s 50 day moving average is $26.04 and its two-hundred day moving average is $26.08. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.54 and a twelve month high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a dividend of $0.0681 per share. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date was Friday, March 28th.

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.