Capital Group Short Duration Municipal Income ETF $CGSM Stock Position Decreased by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. reduced its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 84.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,425 shares of the company’s stock after selling 107,277 shares during the period. Richards Merrill & Peterson Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $525,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Sard Wealth Management Group LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 0.6% during the third quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock worth $1,736,000 after purchasing an additional 395 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 4.2% in the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after purchasing an additional 600 shares in the last quarter. Apella Capital LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 0.4% in the second quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock valued at $4,028,000 after purchasing an additional 663 shares during the last quarter. Capital Analysts LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 38.2% in the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after purchasing an additional 1,427 shares during the last quarter. Finally, Continuum Advisory LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $42,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.0%

CGSM stock traded down $0.01 during midday trading on Monday, reaching $25.97. 277,806 shares of the company were exchanged, compared to its average volume of 358,496. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.59 and a 1-year high of $26.68. The stock’s 50-day simple moving average is $26.06 and its 200 day simple moving average is $26.24.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.0640 dividend. This represents a $0.77 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

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.