Capital Group Short Duration Municipal Income ETF $CGSM Shares Sold by Keeler & Nadler Financial Planning & Wealth Management

Keeler & Nadler Financial Planning & Wealth Management lessened its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 34.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,561 shares of the company’s stock after selling 39,506 shares during the period. Capital Group Short Duration Municipal Income ETF accounts for approximately 0.5% of Keeler & Nadler Financial Planning & Wealth Management’s holdings, making the stock its 29th biggest position. Keeler & Nadler Financial Planning & Wealth Management owned 0.12% of Capital Group Short Duration Municipal Income ETF worth $1,943,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGSM. Continuum Advisory LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth approximately $42,000. Ashton Thomas Securities LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $101,000. Capital Analysts LLC lifted 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 worth $137,000 after purchasing an additional 1,427 shares during the last quarter. HB Wealth Management LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at approximately $203,000. Finally, Sovran Advisors LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter valued at approximately $210,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.20 on Friday. The stock has a fifty day moving average price of $26.02 and a 200 day moving average price of $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 company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors 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 dividend on an annualized basis and a dividend yield of 2.9%.

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.