Capital Group Private Client Services Inc. Has $17.03 Million Stock Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Capital Group Private Client Services Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 87.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 645,901 shares of the company’s stock after buying an additional 300,787 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $17,026,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position in Capital Group Short Duration Municipal Income ETF by 26.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after acquiring an additional 454,829 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 19.2% during the second quarter. Captrust Financial Advisors now owns 728,735 shares of the company’s stock worth $19,005,000 after purchasing an additional 117,323 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 8.7% during the second quarter. Cetera Investment Advisers now owns 410,680 shares of the company’s stock worth $10,711,000 after purchasing an additional 32,913 shares in the last quarter. Osaic Holdings Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 32.1% during the second quarter. Osaic Holdings Inc. now owns 362,187 shares of the company’s stock valued at $9,445,000 after purchasing an additional 87,994 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 64.6% during the third quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock valued at $7,927,000 after purchasing an additional 117,877 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.51 on Tuesday. The company has a 50 day moving average price of $26.52 and a 200 day moving average price of $26.42. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.55 and a fifty-two week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.