AA Financial Advisors LLC Buys 53,095 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

AA Financial Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,095 shares of the company’s stock, valued at approximately $1,365,000. AA Financial Advisors LLC owned approximately 0.08% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Continuum Advisory LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth about $42,000. Ashton Thomas Securities LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at approximately $101,000. Capital Analysts LLC raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 38.2% in the 2nd quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after acquiring an additional 1,427 shares in the last quarter. HB Wealth Management LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at approximately $203,000. Finally, Sovran Advisors LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $210,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM remained flat at $25.98 on Monday. The company had a trading volume of 533,469 shares, compared to its average volume of 359,976. The stock’s fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $26.24. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.59 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.