PUREfi Wealth LLC Sells 29,952 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

PUREfi Wealth LLC lessened its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 30.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 68,160 shares of the company’s stock after selling 29,952 shares during the quarter. Capital Group Short Duration Municipal Income ETF accounts for 1.2% of PUREfi Wealth LLC’s holdings, making the stock its 19th biggest position. PUREfi Wealth LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,791,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CGSM. Wedbush Securities Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock valued at $1,025,000 after acquiring an additional 653 shares in the last quarter. Richards Merrill & Peterson Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 4.6% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after purchasing an additional 925 shares in the last quarter. Smith Thornton Advisors LLC raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock valued at $1,578,000 after purchasing an additional 1,000 shares during the period. Stephens Inc. AR raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 9.5% in the 4th quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock valued at $344,000 after purchasing an additional 1,135 shares during the period. Finally, EQ Wealth Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $30,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.38 on Monday. The stock’s 50-day moving average is $26.35 and its 200-day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $26.08 and a one year high of $26.68.

Capital Group Short Duration Municipal Income ETF Company 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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.