Northwestern Mutual Wealth Management Co. grew its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 166.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 392,983 shares of the company’s stock after buying an additional 245,461 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $10,351,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Capital International Investors grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 5.7% during the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after buying an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after purchasing an additional 454,829 shares during the period. Captrust Financial Advisors lifted its position in Capital Group Short Duration Municipal Income ETF by 10.2% during the third quarter. Captrust Financial Advisors now owns 803,298 shares of the company’s stock valued at $21,175,000 after purchasing an additional 74,563 shares during the period. Capital Group Private Client Services Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock valued at $17,026,000 after purchasing an additional 300,787 shares during the period. Finally, Truist Financial Corp lifted its position in Capital Group Short Duration Municipal Income ETF by 261.3% during the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock valued at $10,185,000 after purchasing an additional 279,654 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 $26.26 on Friday. The company’s 50 day moving average is $26.36 and its 200 day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.90 and a twelve month high of $26.68.
Capital Group Short Duration Municipal Income ETF Increases Dividend
Capital Group Short Duration Municipal Income ETF 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.
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