Capital Group Short Duration Municipal Income ETF $CGSM Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 251.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 310,024 shares of the company’s stock after acquiring an additional 221,749 shares during the period. Kestra Advisory Services LLC owned about 0.72% of Capital Group Short Duration Municipal Income ETF worth $8,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CGSM. EQ Wealth Advisors LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $30,000. JPMorgan Chase & Co. lifted 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 worth $43,000 after purchasing an additional 1,319 shares in the last quarter. Private Trust Co. NA purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $50,000. Lodestone Wealth Management LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $51,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $58,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.1%

Shares of NYSEARCA:CGSM opened at $26.36 on Tuesday. The business’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $26.10 and a one year high of $26.68.

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.