Capital Group Short Duration Municipal Income ETF $CGSM Shares Acquired by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 64.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 300,279 shares of the company’s stock after purchasing an additional 117,877 shares during the period. Jones Financial Companies Lllp owned 0.90% of Capital Group Short Duration Municipal Income ETF worth $7,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CGSM. Baird Financial Group Inc. acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at approximately $242,000. Royal Bank of Canada raised its stake in Capital Group Short Duration Municipal Income ETF by 31.5% in the 1st quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock valued at $3,619,000 after purchasing an additional 33,367 shares during the last quarter. 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 valued at $3,060,000 after purchasing an additional 90,157 shares during the last quarter. Truist Financial Corp lifted its holdings in Capital Group Short Duration Municipal Income ETF by 6.1% in the 2nd quarter. Truist Financial Corp now owns 95,039 shares of the company’s stock valued at $2,479,000 after purchasing an additional 5,444 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth $72,000.

Capital Group Short Duration Municipal Income ETF Stock Up 0.1%

Capital Group Short Duration Municipal Income ETF stock opened at $26.55 on Friday. The company has a fifty day simple moving average of $26.42 and a 200-day simple moving average of $26.36. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.56.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a dividend of $0.058 per share. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Friday, January 30th.

About Capital Group Short Duration Municipal Income ETF

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.