Capital Group Short Duration Municipal Income ETF $CGSM Shares Acquired by Truist Financial Corp

Truist Financial Corp grew its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 261.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,683 shares of the company’s stock after buying an additional 279,654 shares during the period. Truist Financial Corp’s holdings in Capital Group Short Duration Municipal Income ETF were worth $10,185,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. First Heartland Consultants Inc. boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 5.0% in the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock valued at $345,000 after buying an additional 625 shares in the last quarter. Capital Investment Advisory Services LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 14.6% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock valued at $145,000 after buying an additional 700 shares in the last quarter. Thoroughbred Financial Services LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 6.6% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock valued at $325,000 after buying an additional 761 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 4.6% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after buying an additional 925 shares in the last quarter. Finally, Smith Thornton Advisors LLC boosted its holdings 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 buying an additional 1,000 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.34 on Friday. The company has a fifty day simple moving average of $26.41 and a 200-day simple moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.87 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.0667 dividend. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 27th. This represents a c) annualized dividend and a yield of 3.0%.

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.