Janney Montgomery Scott LLC Purchases 47,661 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Janney Montgomery Scott LLC raised its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 46.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,372 shares of the company’s stock after buying an additional 47,661 shares during the period. Janney Montgomery Scott LLC owned about 0.35% of Capital Group Short Duration Municipal Income ETF worth $3,925,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Capital International Investors raised its position in shares of Capital Group Short Duration Municipal Income ETF by 5.7% in the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after acquiring an additional 694,623 shares in the last quarter. LPL Financial LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 25.2% in the 4th quarter. LPL Financial LLC now owns 1,589,276 shares of the company’s stock worth $41,862,000 after purchasing an additional 320,323 shares in the last quarter. Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 87.2% in 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 last quarter. Truist Financial Corp boosted its holdings in Capital Group Short Duration Municipal Income ETF by 261.3% in the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after acquiring an additional 279,654 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 166.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock worth $10,351,000 after acquiring an additional 245,461 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock remained flat at $26.40 during trading on Tuesday. 19,392 shares of the company traded hands, compared to its average volume of 354,217. Capital Group Short Duration Municipal Income ETF has a one year low of $26.08 and a one year high of $26.68. The stock has a 50-day simple moving average of $26.35 and a 200 day simple moving average of $26.42.

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.