55,429 Shares in Capital Group Short Duration Municipal Income ETF $CGSM Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 55,429 shares of the company’s stock, valued at approximately $1,460,000.

A number of other institutional investors also recently added to or reduced their stakes in CGSM. Wedbush Securities Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock valued at $1,025,000 after buying an additional 653 shares during the period. Richards Merrill & Peterson Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF by 4.6% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after acquiring an additional 925 shares during the period. Smith Thornton Advisors LLC raised its position in Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock worth $1,578,000 after acquiring an additional 1,000 shares in the last quarter. Stephens Inc. AR raised its position in Capital Group Short Duration Municipal Income ETF by 9.5% in the fourth quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock worth $344,000 after acquiring an additional 1,135 shares in the last quarter. Finally, EQ Wealth Advisors LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at $30,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM opened at $26.37 on Thursday. Capital Group Short Duration Municipal Income ETF has a one year low of $26.08 and a one year high of $26.68. The company’s fifty day moving average is $26.35 and its two-hundred day moving average is $26.42.

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.