22,065 Shares in Capital Group Short Duration Municipal Income ETF $CGSM Bought by StoneX Group Inc.

StoneX Group Inc. bought a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 22,065 shares of the company’s stock, valued at approximately $567,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 7.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after acquiring an additional 221,888 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 41.1% in the first quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock valued at $25,998,000 after acquiring an additional 288,245 shares during the period. Commonwealth Equity Services LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth about $13,358,000. Kestra Advisory Services LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 15.4% in the third quarter. Kestra Advisory Services LLC now owns 416,192 shares of the company’s stock worth $10,700,000 after buying an additional 55,535 shares during the period. Finally, Royal Bank of Canada increased its stake in Capital Group Short Duration Municipal Income ETF by 85.2% in the first quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock worth $8,570,000 after purchasing an additional 150,064 shares during the period.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

Shares of CGSM opened at $26.24 on Thursday. The company has a 50-day moving average of $26.01 and a 200 day moving average of $26.29. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.59 and a 1-year high of $26.68.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 2nd. Shareholders of record on Friday, October 30th were given a dividend of $0.0635 per share. This is a drop from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640. The ex-dividend date of this dividend was Friday, October 30th. This represents a $0.76 dividend on an annualized basis and a yield of 2.9%.

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.