Boulder Wealth Advisors LLC Buys Shares of 82,484 Capital Group Short Duration Municipal Income ETF $CGSM

Boulder Wealth Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 82,484 shares of the company’s stock, valued at approximately $2,173,000. Capital Group Short Duration Municipal Income ETF accounts for about 0.9% of Boulder Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. Boulder Wealth Advisors LLC owned about 0.22% of Capital Group Short Duration Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGSM. Capital International Investors grew its stake in Capital Group Short Duration Municipal Income ETF by 5.7% in the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after acquiring an additional 694,623 shares during the period. Envestnet Asset Management Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 26.6% in the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after acquiring an additional 454,829 shares during the period. Capital Group Private Client Services Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 87.2% in the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after acquiring an additional 300,787 shares during the period. Truist Financial Corp grew its stake in Capital Group Short Duration Municipal Income ETF by 261.3% in the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock valued at $10,185,000 after acquiring an additional 279,654 shares during the period. Finally, Integrated Wealthcare LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $5,151,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.32 on Friday. The stock’s 50-day moving average is $26.39 and its 200-day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $25.90 and a one year high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a $0.0667 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. 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.

Capital Group Short Duration Municipal Income ETF Company 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.