53,636 Shares of Capital Group Short Duration Municipal Income ETF $CGSM Bought by Uhlmann Price Securities LLC

Uhlmann Price Securities LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 53,636 shares of the company’s stock, valued at approximately $1,379,000. Uhlmann Price Securities LLC owned 0.08% of Capital Group Short Duration Municipal Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CGSM. StoneX Group Inc. acquired a new position in Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at $567,000. Ashton Thomas Private Wealth LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 540.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 32,226 shares of the company’s stock valued at $829,000 after purchasing an additional 27,198 shares during the period. Kestra Advisory Services LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 15.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 416,192 shares of the company’s stock valued at $10,700,000 after purchasing an additional 55,535 shares during the period. Commonwealth Equity Services LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $13,358,000. Finally, Signature Equity Partners LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $25,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA CGSM opened at $26.25 on Friday. The company’s fifty day moving average is $26.01 and its two-hundred day moving average is $26.30. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a $0.0635 dividend. The ex-dividend date was Friday, October 30th. This is a drop from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640. This represents a $0.76 annualized dividend and a dividend yield of 2.9%.

Capital Group Short Duration Municipal Income ETF 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.