PUREfi Wealth LLC Sells 29,952 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

PUREfi Wealth LLC cut its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 30.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,160 shares of the company’s stock after selling 29,952 shares during the quarter. Capital Group Short Duration Municipal Income ETF comprises 1.2% of PUREfi Wealth LLC’s portfolio, making the stock its 19th largest position. PUREfi Wealth LLC owned approximately 0.16% of Capital Group Short Duration Municipal Income ETF worth $1,791,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CGSM. EQ Wealth Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at approximately $30,000. JPMorgan Chase & Co. grew its holdings in Capital Group Short Duration Municipal Income ETF by 409.6% during 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 during the period. Private Trust Co. NA bought a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $51,000. Finally, CoreCap Advisors LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $58,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.38 on Monday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $26.08 and a 1-year high of $26.68. The business’s 50-day moving average price is $26.35 and its two-hundred day moving average price is $26.42.

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.