Greykasell Wealth Strategies Inc. Boosts Stock Position in Capital Group Short Duration Municipal Income ETF $CGSM

Greykasell Wealth Strategies Inc. increased its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 99.5% in the fourth quarter, HoldingsChannel reports. The fund owned 38,486 shares of the company’s stock after purchasing an additional 19,196 shares during the period. Greykasell Wealth Strategies Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,014,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EQ Wealth Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $30,000. JPMorgan Chase & Co. lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 409.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,319 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $50,000. Lodestone Wealth Management LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $51,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at about $58,000.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA CGSM opened at $26.35 on Friday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.97 and a 1-year high of $26.68. The stock has a 50-day moving average of $26.34 and a 200-day moving average of $26.41.

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.