Simplicity Wealth LLC Takes Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Simplicity Wealth LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,769 shares of the company’s stock, valued at approximately $670,000. Simplicity Wealth LLC owned 0.10% of Capital Group Short Duration Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CGSM. Avantax Advisory Services Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 8.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 10,380 shares of the company’s stock valued at $270,000 after purchasing an additional 779 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 223.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares during the last quarter. Principal Securities Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 2.0% in the fourth quarter. Principal Securities Inc. now owns 52,050 shares of the company’s stock valued at $1,352,000 after purchasing an additional 1,016 shares during the last quarter. Beta Wealth Group Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 0.6% in the fourth quarter. Beta Wealth Group Inc. now owns 231,945 shares of the company’s stock valued at $6,024,000 after purchasing an additional 1,278 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF by 131,200.0% in the first quarter. NBC Securities Inc. now owns 1,313 shares of the company’s stock valued at $34,000 after purchasing an additional 1,312 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM opened at $26.00 on Thursday. The stock’s 50 day moving average price is $25.90 and its two-hundred day moving average price is $26.02. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were given a dividend of $0.0681 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05.

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.