Koshinski Asset Management Inc. Takes $210,000 Position in Capital Group Short Duration Municipal Income ETF $CGSM

Koshinski Asset Management Inc. bought a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,038 shares of the company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently modified their holdings of CGSM. First Horizon Advisors Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 1,134.9% during the first quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock valued at $67,000 after buying an additional 2,372 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the second quarter valued at approximately $72,000. Baird Financial Group Inc. bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at approximately $242,000. Lakeside Advisors INC. bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the first quarter valued at approximately $247,000. Finally, Cerity Partners LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the first quarter worth approximately $260,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA:CGSM opened at $26.39 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.55 and a 52-week high of $26.55. The business’s 50 day moving average is $26.36 and its 200 day moving average is $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

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.