Tribridge Partners Financial LLC Buys Shares of 26,848 Capital Group Short Duration Municipal Income ETF $CGSM

Tribridge Partners Financial LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 26,848 shares of the company’s stock, valued at approximately $700,000. Capital Group Short Duration Municipal Income ETF accounts for approximately 0.4% of Tribridge Partners Financial LLC’s holdings, making the stock its 21st biggest holding. Tribridge Partners Financial LLC owned about 0.09% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Wedbush Securities Inc. grew its holdings in 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 purchasing an additional 516 shares during the period. Uhlmann Price Securities LLC grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 7.5% in the 2nd quarter. Uhlmann Price Securities LLC now owns 16,213 shares of the company’s stock valued at $423,000 after buying an additional 1,125 shares during the period. Orion Porfolio Solutions LLC grew its holdings in shares of 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 valued at $2,325,000 after buying an additional 1,325 shares during the period. Confluence Wealth Services Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF by 4.8% in the 2nd quarter. Confluence Wealth Services Inc. now owns 42,259 shares of the company’s stock valued at $1,102,000 after buying an additional 1,918 shares in the last quarter. Finally, Sittner & Nelson LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF during the 2nd quarter worth $52,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

CGSM stock opened at $26.37 on Friday. Capital Group Short Duration Municipal Income ETF has a 1-year low of $25.55 and a 1-year high of $26.55. The business’s 50-day moving average price is $26.36 and its two-hundred day moving average price is $26.26.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 28th were paid a dividend of $0.0602 per share. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, November 28th.

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.