Capital Group Short Duration Municipal Income ETF $CGSM Shares Purchased by Royal Harbor Partners LLC

Royal Harbor Partners LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 53.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,646 shares of the company’s stock after purchasing an additional 35,962 shares during the period. Capital Group Short Duration Municipal Income ETF makes up 0.9% of Royal Harbor Partners LLC’s holdings, making the stock its 26th biggest holding. Royal Harbor Partners LLC owned 0.32% of Capital Group Short Duration Municipal Income ETF worth $2,732,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CGSM. Osaic Holdings Inc. grew its position in Capital Group Short Duration Municipal Income ETF by 32.1% in the second quarter. Osaic Holdings Inc. now owns 362,187 shares of the company’s stock worth $9,445,000 after acquiring an additional 87,994 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at $72,000. Keeler & Nadler Financial Planning & Wealth Management grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 74.1% during the 2nd quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 65,227 shares of the company’s stock worth $1,701,000 after purchasing an additional 27,767 shares during the period. Souders Financial Advisors increased its position in shares of Capital Group Short Duration Municipal Income ETF by 15.3% during the 2nd quarter. Souders Financial Advisors now owns 29,166 shares of the company’s stock worth $761,000 after purchasing an additional 3,866 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 1st quarter valued at about $777,000.

Capital Group Short Duration Municipal Income ETF Stock Up 0.1%

NYSEARCA CGSM opened at $26.39 on Tuesday. The firm’s 50-day moving average is $26.36 and its two-hundred day moving average is $26.30. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.55 and a 12 month high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.076 per share. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, December 24th. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Profile

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.