Commonwealth Equity Services LLC Has $7.25 Million Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Commonwealth Equity Services LLC raised its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 36.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,137 shares of the company’s stock after acquiring an additional 74,083 shares during the period. Commonwealth Equity Services LLC owned approximately 0.84% of Capital Group Short Duration Municipal Income ETF worth $7,253,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vestmark Advisory Solutions Inc. grew its holdings in 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 buying an additional 207,173 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 8.2% in the second quarter. Envestnet Asset Management Inc. now owns 1,706,930 shares of the company’s stock valued at $44,517,000 after acquiring an additional 129,304 shares during the period. Captrust Financial Advisors grew its stake in shares of 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 acquiring an additional 117,323 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the second quarter worth about $2,436,000. Finally, Jane Street Group LLC raised its stake in Capital Group Short Duration Municipal Income ETF by 327.9% in the 1st 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

Shares of NYSEARCA:CGSM opened at $26.47 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.55 and a 12-month high of $26.55. The company’s 50 day moving average price is $26.37 and its two-hundred day moving average price is $26.32.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $0.076 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) annualized dividend and a yield of 3.4%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Company 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.