Capital International Investors Cuts Holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Capital International Investors trimmed its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSMFree Report) by 43.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 665,000 shares of the company’s stock after selling 505,000 shares during the period. Capital International Investors’ holdings in Capital Group Short Duration Municipal Income ETF were worth $17,180,000 at the end of the most recent reporting period.

Separately, Pillar Wealth Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at approximately $556,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.2 %

NYSEARCA CGSM opened at $25.65 on Friday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $24.96 and a 1-year high of $25.93. The business has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.73.

Capital Group Short Duration Municipal Income ETF 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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