PUREfi Wealth LLC Lowers Stake in Capital Group Short Duration Municipal Income ETF $CGSM

PUREfi Wealth LLC decreased its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 77.3% in the third quarter, Holdings Channel reports. The firm owned 97,906 shares of the company’s stock after selling 333,583 shares during the quarter. Capital Group Short Duration Municipal Income ETF accounts for about 2.0% of PUREfi Wealth LLC’s portfolio, making the stock its 9th biggest position. PUREfi Wealth LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $2,581,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Sittner & Nelson LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the second quarter valued at $52,000. Ameritas Advisory Services LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth about $72,000. LongView Wealth Management purchased a new position in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth about $203,000. Koshinski Asset Management Inc. bought a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at about $210,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at about $222,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.0%

Shares of CGSM stock opened at $26.34 on Friday. The company has a 50 day moving average price of $26.36 and a 200-day moving average price of $26.29. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a $0.076 dividend. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 3.5%.

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.