Capital Group Short Duration Municipal Income ETF $CGSM Shares Sold by Keeler & Nadler Financial Planning & Wealth Management

Keeler & Nadler Financial Planning & Wealth Management trimmed its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 34.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 75,561 shares of the company’s stock after selling 39,506 shares during the quarter. Capital Group Short Duration Municipal Income ETF comprises about 0.5% of Keeler & Nadler Financial Planning & Wealth Management’s portfolio, making the stock its 29th biggest holding. Keeler & Nadler Financial Planning & Wealth Management’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,943,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC bought a new stake in Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at $42,000. Ashton Thomas Securities LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the first quarter worth $101,000. Capital Analysts LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 38.2% in the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock worth $137,000 after purchasing 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 second quarter worth $203,000. Finally, Sovran Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at $210,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM opened at $26.20 on Friday. Capital Group Short Duration Municipal Income ETF has a one year low of $25.59 and a one year high of $26.68. The stock’s fifty day moving average is $26.02 and its 200-day moving average is $26.31.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a $0.0640 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.77 dividend on an annualized basis 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.

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.