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

Truist Financial Corp lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 261.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 386,683 shares of the company’s stock after purchasing an additional 279,654 shares during the period. Truist Financial Corp owned approximately 1.04% of Capital Group Short Duration Municipal Income ETF worth $10,185,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CGSM. EQ Wealth Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 409.6% in the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,319 shares in the last quarter. Private Trust Co. NA acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 4th quarter worth approximately $58,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.0%

NYSEARCA CGSM opened at $26.34 on Friday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.87 and a 52 week high of $26.68. The firm has a 50 day moving average of $26.41 and a two-hundred day moving average of $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0667 per share. This is a boost 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%.

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