FWG Holdings LLC Takes Position in Capital Group Short Duration Municipal Income ETF $CGSM

FWG Holdings LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 52,852 shares of the company’s stock, valued at approximately $1,401,000.

Other institutional investors have also bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 36.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 275,137 shares of the company’s stock valued at $7,253,000 after buying an additional 74,083 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Capital Group Short Duration Municipal Income ETF by 64.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock valued at $7,927,000 after buying an additional 117,877 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 240.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 72,911 shares of the company’s stock valued at $1,922,000 after buying an additional 51,496 shares in the last quarter. Royal Harbor Partners LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 53.1% in the 3rd quarter. Royal Harbor Partners LLC now owns 103,646 shares of the company’s stock valued at $2,732,000 after buying an additional 35,962 shares in the last quarter. Finally, Landaas & Co. WI ADV boosted its stake in Capital Group Short Duration Municipal Income ETF by 230.7% in the 4th quarter. Landaas & Co. WI ADV now owns 31,220 shares of the company’s stock valued at $822,000 after buying an additional 21,779 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM stock opened at $26.31 on Monday. The stock’s fifty day simple moving average is $26.43 and its 200 day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $25.85 and a one year high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.