Capital Group Short Duration Municipal Income ETF $CGSM Stock Holdings Boosted by Wealth Science Advisors LLC

Wealth Science Advisors LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 368.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,300 shares of the company’s stock after purchasing an additional 93,834 shares during the period. Capital Group Short Duration Municipal Income ETF makes up about 1.3% of Wealth Science Advisors LLC’s holdings, making the stock its 16th biggest position. Wealth Science Advisors LLC owned 0.19% of Capital Group Short Duration Municipal Income ETF worth $3,067,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after purchasing an additional 221,888 shares during the period. Cetera Investment Advisers lifted its stake in Capital Group Short Duration Municipal Income ETF by 41.1% during the first quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock valued at $25,998,000 after buying an additional 288,245 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of 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 buying an additional 150,064 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 251.2% in the first quarter. Kestra Advisory Services LLC now owns 310,024 shares of the company’s stock worth $8,147,000 after buying an additional 221,749 shares during the period. Finally, Financial Connections Group Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF by 7.8% in the first quarter. Financial Connections Group Inc. now owns 190,872 shares of the company’s stock worth $5,016,000 after acquiring an additional 13,758 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $25.81 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68. The company’s 50 day simple moving average is $26.09 and its 200-day simple moving average is $26.26.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a dividend of $0.0640 per share. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.77 annualized dividend and a yield of 3.0%.

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.