Wealth Science Advisors LLC Makes New Investment in Capital Group Short Duration Municipal Income ETF $CGSM

Wealth Science Advisors LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 25,466 shares of the company’s stock, valued at approximately $672,000.

A number of other hedge funds have also recently modified their holdings of CGSM. Capital International Investors raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.0% in the fourth quarter. Capital International Investors now owns 13,026,702 shares of the company’s stock worth $343,123,000 after buying an additional 125,134 shares during the period. Morgan Stanley boosted its holdings in Capital Group Short Duration Municipal Income ETF by 1.7% during the 4th quarter. Morgan Stanley now owns 2,829,898 shares of the company’s stock valued at $74,540,000 after acquiring an additional 48,078 shares during the period. LPL Financial LLC grew its position in 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 valued at $41,862,000 after acquiring an additional 320,323 shares during the last quarter. Cetera Investment Advisers grew its position in Capital Group Short Duration Municipal Income ETF by 41.1% in the 1st quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock valued at $25,998,000 after acquiring an additional 288,245 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in Capital Group Short Duration Municipal Income ETF by 7.2% in the fourth quarter. Captrust Financial Advisors now owns 860,845 shares of the company’s stock worth $22,675,000 after purchasing an additional 57,547 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.31 on Monday. Capital Group Short Duration Municipal Income ETF has a twelve month low of $26.18 and a twelve month high of $26.68. The business’s fifty day simple moving average is $26.34 and its two-hundred day simple moving average is $26.40.

Capital Group Short Duration Municipal Income ETF Company 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.