Oak Hill Wealth Advisors LLC Raises Stock Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Oak Hill Wealth Advisors LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 90.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,072 shares of the company’s stock after purchasing an additional 11,447 shares during the period. Oak Hill Wealth Advisors LLC owned approximately 0.10% of Capital Group Short Duration Municipal Income ETF worth $626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Truist Financial Corp raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 7.8% during the fourth quarter. Truist Financial Corp now owns 80,521 shares of the company’s stock worth $2,091,000 after purchasing an additional 5,843 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 21.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,655 shares of the company’s stock worth $2,900,000 after purchasing an additional 19,469 shares during the last quarter. Avantax Advisory Services Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 8.1% during the fourth quarter. Avantax Advisory Services Inc. now owns 10,380 shares of the company’s stock worth $270,000 after purchasing an additional 779 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 2,610.4% during the fourth quarter. Jones Financial Companies Lllp now owns 13,552 shares of the company’s stock worth $352,000 after purchasing an additional 13,052 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth $421,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.08 on Thursday. The firm has a fifty day moving average price of $25.95 and a 200 day moving average price of $26.01. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.34.

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.