Uhlmann Price Securities LLC Grows Stock Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Uhlmann Price Securities LLC raised its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,213 shares of the company’s stock after purchasing an additional 1,125 shares during the period. Uhlmann Price Securities LLC owned 0.06% of Capital Group Short Duration Municipal Income ETF worth $423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of CGSM. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 159,487 shares of the company’s stock valued at $4,148,000 after purchasing an additional 3,670 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 3.9% in the first quarter. Janney Montgomery Scott LLC now owns 89,745 shares of the company’s stock valued at $2,334,000 after purchasing an additional 3,391 shares in the last quarter. EQ Wealth Advisors LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at about $30,000. Oak Hill Wealth Advisors LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 90.7% in the first quarter. Oak Hill Wealth Advisors LLC now owns 24,072 shares of the company’s stock valued at $626,000 after purchasing an additional 11,447 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at about $1,062,000.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

Shares of NYSEARCA CGSM opened at $26.42 on Monday. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.55 and a 12-month high of $26.55. The firm’s 50-day moving average is $26.36 and its two-hundred day moving average is $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

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.