Capital Group Short Duration Municipal Income ETF $CGSM Stock Position Lifted by Hartmann Taylor Wealth Management LLC

Hartmann Taylor Wealth Management LLC raised its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 20.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 144,097 shares of the company’s stock after purchasing an additional 24,015 shares during the quarter. Capital Group Short Duration Municipal Income ETF accounts for 2.7% of Hartmann Taylor Wealth Management LLC’s portfolio, making the stock its 10th biggest position. Hartmann Taylor Wealth Management LLC owned 0.44% of Capital Group Short Duration Municipal Income ETF worth $3,798,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Wedbush Securities Inc. raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 1.6% during the second quarter. Wedbush Securities Inc. now owns 32,635 shares of the company’s stock valued at $851,000 after acquiring an additional 516 shares during the last quarter. Richards Merrill & Peterson Inc. lifted its stake in Capital Group Short Duration Municipal Income ETF by 5.3% in the third quarter. Richards Merrill & Peterson Inc. now owns 19,900 shares of the company’s stock worth $525,000 after acquiring an additional 1,000 shares during the period. Uhlmann Price Securities LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 7.5% in the second quarter. Uhlmann Price Securities LLC now owns 16,213 shares of the company’s stock valued at $423,000 after acquiring an additional 1,125 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Capital Group Short Duration Municipal Income ETF by 8.3% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 14,680 shares of the company’s stock valued at $387,000 after purchasing an additional 1,130 shares during the period. Finally, Orion Porfolio Solutions LLC raised its holdings in Capital Group Short Duration Municipal Income ETF by 1.5% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 89,163 shares of the company’s stock worth $2,325,000 after purchasing an additional 1,325 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0%

Shares of NYSEARCA CGSM opened at $26.35 on Wednesday. The company’s 50-day moving average is $26.36 and its 200 day moving average is $26.29. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.55 and a 1 year high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.076 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

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.