Aprio Wealth Management LLC Acquires New Shares in Capital Group Short Duration Municipal Income ETF $CGSM

Aprio Wealth Management LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 37,250 shares of the company’s stock, valued at approximately $981,000. Aprio Wealth Management LLC owned about 0.10% of Capital Group Short Duration Municipal Income ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CGSM. Capital International Investors increased its holdings in Capital Group Short Duration Municipal Income ETF by 5.7% in the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after purchasing an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Capital Group Short Duration Municipal Income ETF by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after buying an additional 454,829 shares during the period. Capital Group Private Client Services Inc. raised its stake in Capital Group Short Duration Municipal Income ETF by 87.2% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after buying an additional 300,787 shares during the period. Integrated Wealthcare LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $5,151,000. Finally, Raymond James Financial Inc. raised its stake in Capital Group Short Duration Municipal Income ETF by 172.2% during the 3rd quarter. Raymond James Financial Inc. now owns 285,479 shares of the company’s stock worth $7,525,000 after buying an additional 180,598 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Up 0.1%

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.43 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.85 and a 12 month high of $26.68. The stock’s fifty day simple moving average is $26.45 and its 200 day simple moving average is $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0667 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 3.0%. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

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.