Total Clarity Wealth Management Inc. Makes New $3.18 Million Investment in Capital Group Short Duration Municipal Income ETF $CGSM

Total Clarity Wealth Management Inc. bought a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, Holdings Channel reports. The firm bought 120,605 shares of the company’s stock, valued at approximately $3,177,000.

A number of other large investors have also bought and sold shares of CGSM. Capital International Investors increased its position 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 worth $340,085,000 after buying an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after buying an additional 454,829 shares during the period. Capital Group Private Client Services Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after buying an additional 300,787 shares during the period. Integrated Wealthcare LLC bought a new stake in Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at $5,151,000. Finally, Raymond James Financial Inc. lifted its stake in Capital Group Short Duration Municipal Income ETF by 172.2% during the third quarter. Raymond James Financial Inc. now owns 285,479 shares of the company’s stock worth $7,525,000 after purchasing an additional 180,598 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Down 0.3%

Shares of CGSM stock opened at $26.32 on Friday. The business has a 50-day moving average price of $26.43 and a two-hundred day moving average price of $26.42. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.85 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.