Capital International Investors Grows Stock Position in Capital Group Short Duration Municipal Income ETF $CGSM

Capital International Investors lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 5.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,901,568 shares of the company’s stock after buying an additional 694,623 shares during the period. Capital International Investors owned approximately 0.39% of Capital Group Short Duration Municipal Income ETF worth $340,085,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CGSM. JPMorgan Chase & Co. grew its position 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 buying an additional 1,319 shares during the period. Sittner & Nelson LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the second quarter worth approximately $52,000. Global Retirement Partners LLC raised its position in Capital Group Short Duration Municipal Income ETF by 111.6% in the third quarter. Global Retirement Partners LLC now owns 2,381 shares of the company’s stock worth $63,000 after acquiring an additional 1,256 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 14.6% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock worth $145,000 after acquiring an additional 700 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth $201,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM stock opened at $26.51 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.68. The firm has a fifty day moving average price of $26.53 and a 200-day moving average price of $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0667 per share. This represents a c) annualized dividend and a yield of 3.0%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Friday, February 27th.

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.