Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 61.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,496 shares of the company’s stock after selling 43,408 shares during the period. Jane Street Group LLC owned about 1.37% of Capital Group Short Duration Municipal Income ETF worth $714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 488.8% in the 4th quarter. LPL Financial LLC now owns 626,616 shares of the company’s stock worth $16,273,000 after acquiring an additional 520,202 shares during the last quarter. PUREfi Wealth LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at approximately $12,204,000. Envestnet Asset Management Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 37.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 1,467,789 shares of the company’s stock valued at $38,118,000 after acquiring an additional 396,027 shares during the last quarter. Betterment LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at approximately $5,995,000. Finally, Capital International Investors grew its position in Capital Group Short Duration Municipal Income ETF by 1.5% in the fourth quarter. Capital International Investors now owns 12,216,565 shares of the company’s stock worth $317,264,000 after acquiring an additional 182,920 shares during the period.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

Shares of CGSM opened at $25.96 on Monday. The firm has a 50-day simple moving average of $25.92 and a two-hundred day simple moving average of $26.03. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.54 and a 1-year high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a dividend of $0.0681 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05.

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.