Capital Group Short Duration Municipal Income ETF $CGSM Shares Sold by PUREfi Wealth LLC

PUREfi Wealth LLC reduced its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSMFree Report) by 6.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 431,489 shares of the company’s stock after selling 28,533 shares during the period. Capital Group Short Duration Municipal Income ETF comprises 9.0% of PUREfi Wealth LLC’s holdings, making the stock its largest position. PUREfi Wealth LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $11,253,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Capital Group Short Duration Municipal Income ETF by 7.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,577,626 shares of the company’s stock valued at $41,034,000 after purchasing an additional 109,837 shares during the last quarter. LPL Financial LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 27.9% in the 1st quarter. LPL Financial LLC now owns 801,441 shares of the company’s stock valued at $20,845,000 after purchasing an additional 174,825 shares during the last quarter. Cetera Investment Advisers lifted its stake in Capital Group Short Duration Municipal Income ETF by 15.8% in the 1st quarter. Cetera Investment Advisers now owns 377,767 shares of the company’s stock valued at $9,826,000 after purchasing an additional 51,442 shares during the last quarter. Betterment LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 2.0% in the 1st quarter. Betterment LLC now owns 235,443 shares of the company’s stock valued at $6,124,000 after purchasing an additional 4,583 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 6.3% during the first quarter. Vestmark Advisory Solutions Inc. now owns 160,723 shares of the company’s stock worth $4,180,000 after acquiring an additional 9,578 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock opened at $26.35 on Monday. The firm has a 50 day moving average price of $26.32 and a two-hundred day moving average price of $26.10. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.55 and a 12-month high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.0622 per share. The ex-dividend date was Monday, September 29th. This represents a c) annualized dividend and a yield of 2.8%.

Capital Group Short Duration Municipal Income ETF Company 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.

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

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