Capital Group Short Duration Municipal Income ETF $CGSM Shares Purchased by Osaic Holdings Inc.

Osaic Holdings Inc. raised its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 32.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 362,187 shares of the company’s stock after buying an additional 87,994 shares during the quarter. Osaic Holdings Inc. owned about 1.28% of Capital Group Short Duration Municipal Income ETF worth $9,445,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 128.9% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 367,896 shares of the company’s stock valued at $9,595,000 after acquiring an additional 207,173 shares during the period. Envestnet Asset Management Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 8.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,706,930 shares of the company’s stock valued at $44,517,000 after purchasing an additional 129,304 shares during the last quarter. Captrust Financial Advisors raised its position in Capital Group Short Duration Municipal Income ETF by 19.2% in the second quarter. Captrust Financial Advisors now owns 728,735 shares of the company’s stock valued at $19,005,000 after purchasing an additional 117,323 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $2,436,000. Finally, Jane Street Group LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 327.9% during the first quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock worth $3,060,000 after purchasing an additional 90,157 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM opened at $26.40 on Friday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55. The business has a fifty day simple moving average of $26.37 and a 200-day simple moving average of $26.27.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 28th were given a $0.0602 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, November 28th.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.