Greykasell Wealth Strategies Inc. Boosts Stake in Capital Group Short Duration Municipal Income ETF $CGSM

Greykasell Wealth Strategies Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 99.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,486 shares of the company’s stock after buying an additional 19,196 shares during the quarter. Greykasell Wealth Strategies Inc. owned about 0.10% of Capital Group Short Duration Municipal Income ETF worth $1,014,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGSM. EQ Wealth Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $30,000. JPMorgan Chase & Co. grew 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 worth $43,000 after buying an additional 1,319 shares in the last quarter. Private Trust Co. NA purchased a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $50,000. Lodestone Wealth Management LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $51,000. Finally, CoreCap Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $58,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.35 on Friday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.97 and a 52 week high of $26.68. The business has a 50-day simple moving average of $26.34 and a 200 day simple moving average of $26.41.

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.