Royal Bank of Canada Grows Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Royal Bank of Canada lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 85.2% during the first quarter, Holdings Channel reports. The institutional investor owned 326,116 shares of the company’s stock after acquiring an additional 150,064 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group Short Duration Municipal Income ETF were worth $8,570,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Wedbush Securities Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 1.7% during the fourth quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock worth $1,025,000 after acquiring an additional 653 shares in the last quarter. Richards Merrill & Peterson Inc. increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 4.6% during the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock valued at $549,000 after purchasing an additional 925 shares in the last quarter. Stephens Inc. AR lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 9.5% during the fourth quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock valued at $344,000 after purchasing an additional 1,135 shares during the last quarter. EQ Wealth Advisors LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $30,000. Finally, Betterment LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 1.4% in the 4th quarter. Betterment LLC now owns 94,005 shares of the company’s stock worth $2,476,000 after purchasing an additional 1,288 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM opened at $26.31 on Monday. The business’s 50 day moving average price is $26.34 and its 200-day moving average price is $26.40. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.18 and a 52 week high of $26.68.

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.