Wealth Science Advisors LLC Takes $672,000 Position in Capital Group Short Duration Municipal Income ETF $CGSM

Wealth Science Advisors LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,466 shares of the company’s stock, valued at approximately $672,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CGSM. First Heartland Consultants Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 4.2% during the second quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock worth $391,000 after acquiring an additional 600 shares during the last quarter. Apella Capital LLC lifted its stake in shares of Capital Group Short Duration Municipal Income ETF by 0.4% in the 2nd quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock valued at $4,028,000 after purchasing an additional 663 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at approximately $302,000. NewEdge Advisors LLC boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 40.6% in the 1st quarter. NewEdge Advisors LLC now owns 72,803 shares of the company’s stock worth $1,913,000 after purchasing an additional 21,013 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $101,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA:CGSM opened at $26.31 on Monday. The stock’s fifty day moving average is $26.34 and its 200 day moving average is $26.40. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $26.18 and a fifty-two week high of $26.68.

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.