Cauble & Harre Wealth Management Inc. Purchases Shares of 77,446 Capital Group Short Duration Municipal Income ETF $CGSM

Cauble & Harre Wealth Management Inc. purchased a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 77,446 shares of the company’s stock, valued at approximately $2,040,000. Capital Group Short Duration Municipal Income ETF makes up about 1.7% of Cauble & Harre Wealth Management Inc.’s investment portfolio, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CGSM. Capital International Investors increased its stake in Capital Group Short Duration Municipal Income ETF by 5.7% in the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after purchasing an additional 694,623 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 26.6% during the third 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. Capital Group Private Client Services Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after acquiring an additional 300,787 shares in the last quarter. Truist Financial Corp increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 261.3% during the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock valued at $10,185,000 after acquiring an additional 279,654 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 166.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock valued at $10,351,000 after acquiring an additional 245,461 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA CGSM opened at $26.25 on Friday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.90 and a 52 week high of $26.68. The business has a 50 day moving average price of $26.38 and a 200-day moving average price of $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.