VestGen Investment Management Makes New $241,000 Investment in Capital Group Short Duration Municipal Income ETF $CGSM

VestGen Investment Management acquired a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,243 shares of the company’s stock, valued at approximately $241,000.

Other large investors also recently made changes to their positions in the company. First Horizon Advisors Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1,134.9% in the 1st quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock valued at $67,000 after purchasing an additional 2,372 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at about $72,000. Koshinski Asset Management Inc. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at about $210,000. Baird Financial Group Inc. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at about $242,000. Finally, Lakeside Advisors INC. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at about $247,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.40 on Monday. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.55 and a fifty-two week high of $26.55. The business’s 50-day moving average is $26.37 and its 200-day moving average is $26.14.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were paid a $0.0622 dividend. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 2.8%.

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.