Hartmann Taylor Wealth Management LLC Buys 20,694 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Hartmann Taylor Wealth Management LLC increased its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 14.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,791 shares of the company’s stock after buying an additional 20,694 shares during the quarter. Capital Group Short Duration Municipal Income ETF makes up 2.9% of Hartmann Taylor Wealth Management LLC’s holdings, making the stock its 10th biggest position. Hartmann Taylor Wealth Management LLC owned about 0.45% of Capital Group Short Duration Municipal Income ETF worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings 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 worth $43,000 after buying an additional 1,319 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at $58,000. Allworth Financial LP grew its position in shares of Capital Group Short Duration Municipal Income ETF by 872.6% in the 3rd quarter. Allworth Financial LP now owns 2,276 shares of the company’s stock valued at $60,000 after acquiring an additional 2,042 shares during the period. Global Retirement Partners LLC grew its position in shares of Capital Group Short Duration Municipal Income ETF by 111.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,381 shares of the company’s stock valued at $63,000 after acquiring an additional 1,256 shares during the period. Finally, Comerica Bank increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 248.5% during the 3rd quarter. Comerica Bank now owns 2,973 shares of the company’s stock worth $78,000 after purchasing an additional 2,120 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of CGSM stock opened at $26.28 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.68. The firm’s 50-day moving average is $26.51 and its 200-day moving average is $26.43.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were given a dividend of $0.0667 per share. This represents a c) dividend on an annualized basis 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 of this dividend was Friday, February 27th.

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.