Private Advisor Group LLC Increases Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Private Advisor Group LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 25.1% in the first quarter, HoldingsChannel reports. The firm owned 187,205 shares of the company’s stock after buying an additional 37,522 shares during the quarter. Private Advisor Group LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $4,920,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CGSM. Royal Harbor Partners LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 4.2% during the first quarter. Royal Harbor Partners LLC now owns 110,981 shares of the company’s stock valued at $2,917,000 after buying an additional 4,472 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the first quarter worth $232,000. Janney Montgomery Scott LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 46.9% in the first quarter. Janney Montgomery Scott LLC now owns 149,372 shares of the company’s stock valued at $3,925,000 after acquiring an additional 47,661 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter valued at $300,000. Finally, Apella Capital LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter valued at $4,018,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM opened at $26.40 on Wednesday. The firm has a fifty day simple moving average of $26.35 and a two-hundred day simple moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.08 and a 12 month high of $26.68.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.