24,642 Shares of Capital Group Short Duration Municipal Income ETF $CGSM Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 24,642 shares of the company’s stock, valued at approximately $634,000.

A number of other hedge funds have also bought and sold shares of the company. Sard Wealth Management Group LLC lifted its holdings in Capital Group Short Duration Municipal Income ETF by 0.6% during the 3rd quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock worth $1,736,000 after buying an additional 395 shares during the last quarter. First Heartland Consultants Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 4.2% in the 2nd quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock valued at $391,000 after acquiring an additional 600 shares during the last quarter. Apella Capital LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 0.4% in the 2nd quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock valued at $4,028,000 after acquiring an additional 663 shares during the last quarter. Capital Analysts LLC increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 38.2% in the 2nd quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock valued at $137,000 after acquiring an additional 1,427 shares during the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at approximately $42,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.18 on Tuesday. The business’s fifty day moving average price is $26.03 and its 200 day moving average price is $26.31. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.59 and a 12-month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a $0.0640 dividend. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.77 annualized dividend and a dividend yield of 2.9%.

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.