Total Clarity Wealth Management Inc. Buys New Position in Capital Group Short Duration Municipal Income ETF $CGSM

Total Clarity Wealth Management Inc. bought a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 120,605 shares of the company’s stock, valued at approximately $3,177,000. Total Clarity Wealth Management Inc. owned approximately 0.32% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Baird Financial Group Inc. bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at approximately $242,000. Royal Bank of Canada lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 31.5% in the first quarter. Royal Bank of Canada now owns 139,130 shares of the company’s stock valued at $3,619,000 after purchasing an additional 33,367 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 327.9% in the first quarter. Jane Street Group LLC now owns 117,653 shares of the company’s stock valued at $3,060,000 after purchasing an additional 90,157 shares in the last quarter. Sei Investments Co. bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $606,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 176.4% in the second quarter. Raymond James Financial Inc. now owns 104,881 shares of the company’s stock valued at $2,735,000 after purchasing an additional 66,933 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.32 on Friday. The stock’s 50 day moving average is $26.43 and its 200-day moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.85 and a twelve month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0667 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

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.