J.W. Cole Advisors Inc. increased its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 99.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,281 shares of the company’s stock after acquiring an additional 72,370 shares during the quarter. J.W. Cole Advisors Inc. owned about 0.39% of Capital Group Short Duration Municipal Income ETF worth $3,827,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of CGSM. Capital International Investors raised its holdings in Capital Group Short Duration Municipal Income ETF by 5.7% in the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after acquiring an additional 694,623 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after purchasing an additional 454,829 shares during the period. Capital Group Private Client Services Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 87.2% during the 3rd quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after purchasing an additional 300,787 shares during the period. Truist Financial Corp increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 261.3% during the 4th quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after purchasing an additional 279,654 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF by 166.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock worth $10,351,000 after purchasing an additional 245,461 shares during the period.
Capital Group Short Duration Municipal Income ETF Stock Performance
NYSEARCA:CGSM opened at $26.35 on Friday. The firm’s 50-day moving average is $26.34 and its 200-day moving average is $26.41. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.97 and a 52-week high of $26.68.
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.
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