Capital Group Short Duration Municipal Income ETF $CGSM Holdings Increased by Lakeside Advisors INC.

Lakeside Advisors INC. grew its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 64.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,000 shares of the company’s stock after acquiring an additional 29,000 shares during the quarter. Capital Group Short Duration Municipal Income ETF comprises about 1.1% of Lakeside Advisors INC.’s holdings, making the stock its 19th largest position. Lakeside Advisors INC.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Continuum Advisory LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $42,000. Ashton Thomas Securities LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the first quarter worth approximately $101,000. Capital Analysts LLC increased its position in Capital Group Short Duration Municipal Income ETF by 38.2% during the second quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock worth $137,000 after purchasing an additional 1,427 shares during the last quarter. HB Wealth Management LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the second quarter worth approximately $203,000. Finally, Sovran Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the first quarter worth approximately $210,000.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA:CGSM opened at $25.98 on Tuesday. The firm’s 50 day moving average is $26.05 and its two-hundred day moving average is $26.24. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.59 and a fifty-two week high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.0640 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580.

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.