Wealth Enhancement Advisory Services LLC Lowers Stock Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Wealth Enhancement Advisory Services LLC lessened its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 1.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 157,096 shares of the company’s stock after selling 2,391 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.57% of Capital Group Short Duration Municipal Income ETF worth $4,102,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. EQ Wealth Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the first quarter worth about $30,000. NBC Securities Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 131,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,313 shares of the company’s stock worth $34,000 after purchasing an additional 1,312 shares during the period. GPS Wealth Strategies Group LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at about $51,000. First Horizon Advisors Inc. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 1,134.9% during the first quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock worth $67,000 after buying an additional 2,372 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the first quarter worth approximately $242,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.2%

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.42 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.55. The company has a 50 day moving average of $26.29 and a 200 day moving average of $26.09.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Friday, August 29th were issued a dividend of $0.0624 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, August 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.