Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Sold by Concourse Financial Group Securities Inc.

Concourse Financial Group Securities Inc. cut its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,537 shares of the company’s stock after selling 419 shares during the period. Concourse Financial Group Securities Inc. owned 1.03% of Capital Group Short Duration Municipal Income ETF worth $534,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 223.6% during the 4th quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock worth $32,000 after acquiring an additional 854 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter valued at approximately $35,000. AdvisorNet Financial Inc grew its holdings 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 approximately $259,000. Finally, Avantax Advisory Services Inc. raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 8.1% during the 4th 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 Price Performance

Capital Group Short Duration Municipal Income ETF stock opened at $25.83 on Monday. The company’s fifty day moving average price is $26.04 and its 200 day moving average price is $26.08. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 year 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. Stockholders of record on Friday, March 28th were paid a dividend of $0.0681 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05.

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.