Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) to Issue Monthly Dividend of $0.06

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) announced a monthly dividend on Thursday, October 29th. Shareholders of record on Friday, October 30th will be paid a dividend of $0.0635 per share on Monday, November 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, October 30th. This is a 0.8% decrease from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of Capital Group Short Duration Municipal Income ETF stock traded down $0.04 on Friday, reaching $26.16. The company had a trading volume of 354,684 shares, compared to its average volume of 367,311. The firm’s 50 day moving average price is $26.02 and its two-hundred day moving average price is $26.31. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68.

Institutional Trading of Capital Group Short Duration Municipal Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CGSM. Signature Equity Partners LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the third quarter worth $25,000. Continuum Advisory LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth about $42,000. Ashton Thomas Securities LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter worth about $101,000. Capital Analysts LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 38.2% during the 2nd quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after acquiring an additional 1,427 shares during the period. Finally, HB Wealth Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at about $203,000.

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.