48,331 Shares of Capital Group Short Duration Municipal Income ETF $CGSM Purchased by Landaas & Co. WI ADV

Landaas & Co. WI ADV acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 48,331 shares of the company’s stock, valued at approximately $1,243,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the third quarter worth approximately $1,077,000. Latitude Advisors LLC raised its holdings in Capital Group Short Duration Municipal Income ETF by 155.8% in the third quarter. Latitude Advisors LLC now owns 25,738 shares of the company’s stock valued at $662,000 after acquiring an additional 15,678 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the third quarter worth approximately $194,000. Flagship Harbor Advisors LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 37.3% in the third quarter. Flagship Harbor Advisors LLC now owns 14,586 shares of the company’s stock worth $375,000 after acquiring an additional 3,965 shares during the last quarter. Finally, Wedbush Securities Inc. purchased a new position in Capital Group Short Duration Municipal Income ETF in the third quarter worth approximately $634,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.0%

NYSEARCA CGSM opened at $26.15 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.59 and a 52 week high of $26.68. The firm has a 50 day moving average of $26.02 and a two-hundred day moving average of $26.30.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

Capital Group Short Duration Municipal Income ETF Profile

(Free Report)

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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Institutional Ownership by Quarter for Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

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