Northwestern Mutual Wealth Management Co. raised its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 142.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 357,693 shares of the company’s stock after buying an additional 210,171 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.95% of Capital Group Short Duration Municipal Income ETF worth $9,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 22.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 72,098 shares of the company’s stock valued at $1,899,000 after buying an additional 13,437 shares during the period. Axxcess Wealth Management LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at $375,000. IFP Advisors Inc increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 174.6% during the fourth quarter. IFP Advisors Inc now owns 11,616 shares of the company’s stock valued at $306,000 after buying an additional 7,386 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 11.7% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 55,565 shares of the company’s stock valued at $1,464,000 after buying an additional 5,818 shares during the period. Finally, Stephens Inc. AR increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 9.5% during the fourth quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock valued at $344,000 after buying an additional 1,135 shares during the period.
Capital Group Short Duration Municipal Income ETF Stock Performance
Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.34 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.93 and a 12 month high of $26.68. The stock’s fifty day moving average price is $26.34 and its 200-day moving average price is $26.42.
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.
Read More
- Five stocks we like better than Capital Group Short Duration Municipal Income ETF
- Marvell Stock Soars on NVIDIA’s Trillion-Dollar Nod
- FirstCash Turns Pawn Into a Growth Machine
- HubSpot Just Crushed the Bear Case—Is a Bigger Rally Ahead?
- Aggressive Insider Buying Signals Opportunity in 3 Risky Stocks
Want to see what other hedge funds are holding CGSM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report).
Receive News & Ratings for Capital Group Short Duration Municipal Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capital Group Short Duration Municipal Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
