Capital Group Short Duration Municipal Income ETF $CGSM Shares Newly Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 3rd quarter, Holdings Channel reports. The fund acquired 24,642 shares of the company’s stock, valued at approximately $634,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sunrise Financial Services LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF by 50.6% during the 3rd quarter. Sunrise Financial Services LLC now owns 63,198 shares of the company’s stock valued at $1,625,000 after purchasing an additional 21,231 shares during the period. Cottonwood Capital Advisors LLC raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 7.4% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 82,882 shares of the company’s stock worth $2,131,000 after buying an additional 5,705 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 64.1% in the third quarter. Petredis Investment Advisors LLC now owns 125,646 shares of the company’s stock valued at $3,230,000 after buying an additional 49,076 shares during the period. MBM Wealth Consultants LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 14.8% in the third quarter. MBM Wealth Consultants LLC now owns 84,374 shares of the company’s stock valued at $2,169,000 after buying an additional 10,901 shares during the period. Finally, Lakeside Advisors INC. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 64.4% in the third quarter. Lakeside Advisors INC. now owns 74,000 shares of the company’s stock valued at $1,903,000 after buying an additional 29,000 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Up 0.2%

Shares of CGSM stock opened at $26.18 on Tuesday. The stock has a 50-day simple moving average of $26.03 and a 200 day simple moving average of $26.31. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.59 and a fifty-two week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0640 dividend. This represents a $0.77 annualized dividend and a yield of 2.9%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. The ex-dividend date was Tuesday, September 29th.

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.