Uhlmann Price Securities LLC Acquires New Position in Capital Group Short Duration Municipal Income ETF $CGSM

Uhlmann Price Securities LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the third quarter, HoldingsChannel reports. The firm acquired 53,636 shares of the company’s stock, valued at approximately $1,379,000.

A number of other institutional investors and hedge funds have also modified their holdings of CGSM. StoneX Group Inc. bought a new position in Capital Group Short Duration Municipal Income ETF in the third quarter worth $567,000. Ashton Thomas Private Wealth LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 540.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 32,226 shares of the company’s stock worth $829,000 after buying an additional 27,198 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 15.4% during the third quarter. Kestra Advisory Services LLC now owns 416,192 shares of the company’s stock worth $10,700,000 after buying an additional 55,535 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter worth $13,358,000. Finally, Signature Equity Partners LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the third quarter worth $25,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.25 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68. The company’s fifty day moving average price is $26.01 and its two-hundred day moving average price is $26.30.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Stockholders of record on Friday, October 30th were given a dividend of $0.0635 per share. This is a decrease from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640. The ex-dividend date was Friday, October 30th. This represents a $0.76 annualized dividend and a dividend yield of 2.9%.

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.