Geneos Wealth Management Inc. Lowers Stock Position in Capital Group Short Duration Municipal Income ETF $CGSM

Geneos Wealth Management Inc. trimmed its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 90.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,551 shares of the company’s stock after selling 43,260 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $120,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sittner & Nelson LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the second quarter worth $52,000. Global Retirement Partners LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 111.6% in the 3rd quarter. Global Retirement Partners LLC now owns 2,381 shares of the company’s stock worth $63,000 after buying an additional 1,256 shares during the period. Ameritas Advisory Services LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth $72,000. LongView Wealth Management purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $203,000. Finally, Koshinski Asset Management Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF during the second quarter valued at about $210,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.46 on Tuesday. The stock’s 50-day simple moving average is $26.36 and its 200-day simple moving average is $26.31. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.076 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a c) dividend on an annualized basis and a yield of 3.4%. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Company 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.