Janney Montgomery Scott LLC Purchases 47,661 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Janney Montgomery Scott LLC increased its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 46.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 149,372 shares of the company’s stock after acquiring an additional 47,661 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Capital International Investors grew its position in Capital Group Short Duration Municipal Income ETF by 5.7% during the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after buying an additional 694,623 shares during the period. LPL Financial LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after acquiring an additional 320,323 shares in the last quarter. Capital Group Private Client Services Inc. lifted its holdings in 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 purchasing an additional 300,787 shares in the last quarter. Truist Financial Corp increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 261.3% in the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after purchasing an additional 279,654 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Short Duration Municipal Income ETF by 166.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock valued at $10,351,000 after purchasing an additional 245,461 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGSM remained flat at $26.40 during midday trading on Tuesday. 19,392 shares of the company were exchanged, compared to its average volume of 354,217. The company’s 50 day moving average is $26.35 and its two-hundred day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 12-month low of $26.08 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Company 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.