International Assets Investment Management LLC Grows Stake in Capital Group Short Duration Municipal Income ETF $CGSM

International Assets Investment Management LLC increased its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 32.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,700 shares of the company’s stock after acquiring an additional 3,875 shares during the period. International Assets Investment Management LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGSM. First Horizon Advisors Inc. grew its position in Capital Group Short Duration Municipal Income ETF by 1,134.9% in the first quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock worth $67,000 after acquiring an additional 2,372 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter worth about $72,000. Koshinski Asset Management Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter worth about $210,000. Baird Financial Group Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF in the first quarter worth about $242,000. Finally, Lakeside Advisors INC. bought a new stake in Capital Group Short Duration Municipal Income ETF in the first quarter worth about $247,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA CGSM opened at $26.41 on Thursday. The firm has a 50-day simple moving average of $26.37 and a two-hundred day simple moving average of $26.13. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

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.