Private Advisor Group LLC Grows Stock Position in Capital Group Short Duration Municipal Income ETF $CGSM

Private Advisor Group LLC increased its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 25.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,205 shares of the company’s stock after acquiring an additional 37,522 shares during the period. Private Advisor Group LLC owned about 0.44% of Capital Group Short Duration Municipal Income ETF worth $4,920,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. EQ Wealth Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the 4th quarter worth approximately $30,000. JPMorgan Chase & Co. boosted its stake in shares of 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 purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth approximately $51,000. Finally, CoreCap Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth approximately $58,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA CGSM opened at $26.40 on Wednesday. The firm’s fifty day moving average is $26.35 and its 200 day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.08 and a 52 week high of $26.68.

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.