Capital International Investors Buys 694,623 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Capital International Investors grew its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 5.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,901,568 shares of the company’s stock after acquiring an additional 694,623 shares during the quarter. Capital International Investors owned about 38.51% of Capital Group Short Duration Municipal Income ETF worth $340,085,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in Capital Group Short Duration Municipal Income ETF by 409.6% during the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after purchasing an additional 1,319 shares during the period. Sittner & Nelson LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth approximately $52,000. Global Retirement Partners LLC grew its position in Capital Group Short Duration Municipal Income ETF by 111.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,381 shares of the company’s stock worth $63,000 after purchasing an additional 1,256 shares during the period. Capital Investment Advisory Services LLC raised its stake in Capital Group Short Duration Municipal Income ETF by 14.6% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 5,500 shares of the company’s stock valued at $145,000 after buying an additional 700 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at $201,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.51 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.68. The stock’s fifty day moving average price is $26.53 and its 200-day moving average price is $26.42.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a $0.0667 dividend. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.