Capital Group Short Duration Municipal Income ETF $CGSM Shares Acquired by Hartmann Taylor Wealth Management LLC

Hartmann Taylor Wealth Management LLC raised its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 144,097 shares of the company’s stock after buying an additional 24,015 shares during the period. Capital Group Short Duration Municipal Income ETF comprises about 2.7% of Hartmann Taylor Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Hartmann Taylor Wealth Management LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $3,798,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CGSM. Stonebridge Financial Group LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth $222,000. Richards Merrill & Peterson Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 5.3% in the third quarter. Richards Merrill & Peterson Inc. now owns 19,900 shares of the company’s stock valued at $525,000 after acquiring an additional 1,000 shares during the last quarter. TrueWealth Advisors LLC grew its position in Capital Group Short Duration Municipal Income ETF by 10.5% in the third quarter. TrueWealth Advisors LLC now owns 15,600 shares of the company’s stock worth $411,000 after acquiring an additional 1,484 shares during the period. LongView Wealth Management purchased a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter valued at $203,000. Finally, Financial Connections Group Inc. raised its position in Capital Group Short Duration Municipal Income ETF by 6.4% in the third quarter. Financial Connections Group Inc. now owns 178,940 shares of the company’s stock valued at $4,716,000 after purchasing an additional 10,703 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock opened at $26.35 on Wednesday. Capital Group Short Duration Municipal Income ETF has a one year low of $25.55 and a one year high of $26.55. The firm’s 50 day moving average price is $26.36 and its 200-day moving average price is $26.29.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.076 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. The ex-dividend date was Wednesday, December 24th.

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.