Cetera Investment Advisers grew its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 41.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 989,257 shares of the company’s stock after purchasing an additional 288,245 shares during the period. Cetera Investment Advisers owned approximately 2.28% of Capital Group Short Duration Municipal Income ETF worth $25,998,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in CGSM. EQ Wealth Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $30,000. JPMorgan Chase & Co. increased its position in Capital Group Short Duration Municipal Income ETF by 409.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after acquiring an additional 1,319 shares during the period. Private Trust Co. NA bought a new stake in Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at $50,000. Lodestone Wealth Management LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 4th quarter worth $51,000. Finally, CoreCap Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $58,000.
Capital Group Short Duration Municipal Income ETF Stock Performance
Shares of NYSEARCA CGSM opened at $26.22 on Monday. The firm’s 50-day simple moving average is $26.35 and its 200 day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $26.10 and a fifty-two week high of $26.68.
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.
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