Wealth Enhancement Advisory Services LLC Buys Shares of 50,206 Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Wealth Enhancement Advisory Services LLC purchased a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 50,206 shares of the company’s stock, valued at approximately $1,293,000. Wealth Enhancement Advisory Services LLC owned approximately 2.51% of Capital Group Short Duration Municipal Income ETF at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CGSM. Benjamin F. Edwards & Company Inc. purchased a new position in Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $82,000. Pillar Wealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $556,000. Private Advisor Group LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at $998,000. Commonwealth Equity Services LLC raised its stake in Capital Group Short Duration Municipal Income ETF by 20.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 43,829 shares of the company’s stock worth $1,127,000 after acquiring an additional 7,314 shares during the last quarter. Finally, Capital International Investors lifted its position in Capital Group Short Duration Municipal Income ETF by 20.0% during the 1st quarter. Capital International Investors now owns 798,000 shares of the company’s stock worth $20,517,000 after acquiring an additional 133,000 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM stock opened at $26.14 on Tuesday. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $24.96 and a fifty-two week high of $26.17. The stock’s 50-day simple moving average is $25.93 and its 200-day simple moving average is $25.79.

Capital Group Short Duration Municipal Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 1st. Investors of record on Wednesday, July 31st were issued a $0.0269 dividend. The ex-dividend date of this dividend was Wednesday, July 31st.

Capital Group Short Duration Municipal Income ETF 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.