Steward Partners Investment Advisory LLC Buys Shares of 93,423 Capital Group Short Duration Municipal Income ETF $CGSM

Steward Partners Investment Advisory LLC purchased a new position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 93,423 shares of the company’s stock, valued at approximately $2,436,000. Steward Partners Investment Advisory LLC owned about 0.33% of Capital Group Short Duration Municipal Income ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CGSM. Wedbush Securities Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 1.6% in the second quarter. Wedbush Securities Inc. now owns 32,635 shares of the company’s stock valued at $851,000 after purchasing an additional 516 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 3.5% during the 1st quarter. Benjamin Edwards Inc. now owns 29,843 shares of the company’s stock valued at $776,000 after buying an additional 1,004 shares during the last quarter. Uhlmann Price Securities LLC grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 7.5% in the 2nd quarter. Uhlmann Price Securities LLC now owns 16,213 shares of the company’s stock valued at $423,000 after buying an additional 1,125 shares in the last quarter. Confluence Wealth Services Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 4.8% in the 2nd quarter. Confluence Wealth Services Inc. now owns 42,259 shares of the company’s stock valued at $1,102,000 after buying an additional 1,918 shares in the last quarter. Finally, Sittner & Nelson LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the second quarter worth approximately $52,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.2%

Shares of CGSM opened at $26.33 on Friday. The firm’s 50 day moving average price is $26.38 and its 200 day moving average price is $26.23. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.55 and a twelve month high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 28th will be paid a $0.0602 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 28th.

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.