Capital Group Short Duration Municipal Income ETF $CGSM Stock Purchased by Burton Enright Welch

Burton Enright Welch lifted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 74.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 76,917 shares of the company’s stock after purchasing an additional 32,793 shares during the quarter. Burton Enright Welch owned about 0.12% of Capital Group Short Duration Municipal Income ETF worth $1,978,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 7.6% during the second quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after buying an additional 221,888 shares during the period. Cetera Investment Advisers raised its holdings in shares of 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 in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $13,358,000. Kestra Advisory Services LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 15.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 416,192 shares of the company’s stock valued at $10,700,000 after acquiring an additional 55,535 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 85.2% during the 1st quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock valued at $8,570,000 after acquiring an additional 150,064 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.25 on Monday. The stock has a 50-day moving average price of $26.01 and a 200-day moving average price of $26.30. 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 Cuts Dividend

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

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.