Truist Financial Corp boosted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 7.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,521 shares of the company’s stock after buying an additional 5,843 shares during the quarter. Truist Financial Corp’s holdings in Capital Group Short Duration Municipal Income ETF were worth $2,091,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of CGSM. JPMorgan Chase & Co. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth approximately $35,000. AdvisorNet Financial Inc boosted its holdings in Capital Group Short Duration Municipal Income ETF by 20.5% in the fourth quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock worth $123,000 after purchasing an additional 805 shares during the period. Continental Investors Services Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter valued at $219,000. Peterson Wealth Advisors LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 9.3% during the fourth quarter. Peterson Wealth Advisors LLC now owns 11,773 shares of the company’s stock worth $306,000 after purchasing an additional 999 shares during the period. Finally, TrueWealth Advisors LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 25.4% during the third quarter. TrueWealth Advisors LLC now owns 14,239 shares of the company’s stock worth $374,000 after purchasing an additional 2,880 shares during the period.
Capital Group Short Duration Municipal Income ETF Stock Up 0.2 %
NYSEARCA CGSM opened at $26.25 on Thursday. Capital Group Short Duration Municipal Income ETF has a one year low of $25.54 and a one year high of $26.34. The company has a 50-day simple moving average of $26.05 and a 200-day simple moving average of $26.13.
Capital Group Short Duration Municipal Income ETF Cuts Dividend
The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.0505 per share. The ex-dividend date was Friday, January 31st.
Capital Group Short Duration Municipal Income ETF Company Profile
(Free Report)
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.
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