NewEdge Advisors LLC Boosts Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

NewEdge Advisors LLC boosted its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 40.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 72,803 shares of the company’s stock after purchasing an additional 21,013 shares during the period. NewEdge Advisors LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,913,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGSM. Western Wealth Management LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 1st quarter valued at approximately $302,000. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $101,000. Royal Bank of Canada lifted 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 valued at $8,570,000 after purchasing an additional 150,064 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 151.7% in the first quarter. Gateway Wealth Partners LLC now owns 64,441 shares of the company’s stock valued at $1,694,000 after purchasing an additional 38,834 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Capital Group Short Duration Municipal Income ETF by 21.7% during the first quarter. Sei Investments Co. now owns 90,268 shares of the company’s stock valued at $2,372,000 after purchasing an additional 16,110 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA:CGSM opened at $26.33 on Friday. The business has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $26.40. Capital Group Short Duration Municipal Income ETF has a 1 year low of $26.18 and a 1 year high of $26.68.

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.