Kestra Advisory Services LLC Purchases 55,535 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Kestra Advisory Services LLC increased its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 416,192 shares of the company’s stock after acquiring an additional 55,535 shares during the period. Kestra Advisory Services LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $10,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CGSM. Commonwealth Equity Services LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the third quarter valued at approximately $13,358,000. Cetera Investment Advisers increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 41.1% in the 1st quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock valued at $25,998,000 after purchasing an additional 288,245 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after purchasing an additional 221,888 shares during the last quarter. Royal Bank of Canada increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 85.2% in the 1st quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock valued at $8,570,000 after purchasing an additional 150,064 shares during the last quarter. Finally, Wealth Science Advisors LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 368.5% during the 3rd quarter. Wealth Science Advisors LLC now owns 119,300 shares of the company’s stock worth $3,067,000 after buying an additional 93,834 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.25 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.59 and a 52 week high of $26.68. The stock has a fifty day moving average of $26.01 and a 200-day moving average of $26.30.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

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.