Capital Group Short Duration Municipal Income ETF $CGSM Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 39.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,424 shares of the company’s stock after selling 18,110 shares during the quarter. Atria Wealth Solutions Inc. owned 0.10% of Capital Group Short Duration Municipal Income ETF worth $715,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. EQ Wealth Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter worth approximately $30,000. First Horizon Advisors Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 1,134.9% during the 1st quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock worth $67,000 after buying an additional 2,372 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth approximately $72,000. Baird Financial Group Inc. bought a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter worth approximately $242,000. Finally, Lakeside Advisors INC. bought a new position in Capital Group Short Duration Municipal Income ETF during the 1st quarter worth approximately $247,000.

Capital Group Short Duration Municipal Income ETF Stock Up 0.0%

NYSEARCA:CGSM opened at $26.42 on Friday. The business’s 50 day moving average is $26.36 and its two-hundred day moving average is $26.13. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were issued a dividend of $0.0622 per share. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, September 29th.

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.