Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Announces Monthly Dividend of $0.07

Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) declared a monthly dividend on Thursday, February 26th. Investors of record on Friday, February 27th will be paid a dividend of 0.0667 per share on Monday, March 2nd. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, February 27th. This is a 15.0% increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA:CGSM traded down $0.08 on Friday, reaching $26.61. 651,523 shares of the stock traded hands, compared to its average volume of 269,191. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.55 and a 1-year high of $26.68. The company’s 50 day moving average is $26.50 and its 200-day moving average is $26.41.

Hedge Funds Weigh In On Capital Group Short Duration Municipal Income ETF

Hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. grew its position in shares of Capital Group Short Duration Municipal Income ETF by 1.6% during the 2nd quarter. Wedbush Securities Inc. now owns 32,635 shares of the company’s stock valued at $851,000 after acquiring an additional 516 shares during the period. First Heartland Consultants Inc. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 5.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock valued at $345,000 after buying an additional 625 shares during the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 14.6% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock worth $145,000 after acquiring an additional 700 shares during the period. Thoroughbred Financial Services LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 6.6% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock worth $325,000 after acquiring an additional 761 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. raised its stake in Capital Group Short Duration Municipal Income ETF by 4.6% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after acquiring an additional 925 shares during the period.

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.