Acorn Wealth Advisors LLC Buys New Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Acorn Wealth Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 32,777 shares of the company’s stock, valued at approximately $863,000.

Several other hedge funds have also bought and sold shares of CGSM. Capital International Investors lifted its stake in Capital Group Short Duration Municipal Income ETF by 5.7% in the 3rd quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock valued at $340,085,000 after purchasing an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after acquiring an additional 454,829 shares during the last quarter. Capital Group Private Client Services Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after acquiring an additional 300,787 shares during the last quarter. Truist Financial Corp lifted its position in Capital Group Short Duration Municipal Income ETF by 261.3% during the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after acquiring an additional 279,654 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Capital Group Short Duration Municipal Income ETF by 166.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock worth $10,351,000 after acquiring an additional 245,461 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock opened at $26.33 on Friday. The firm has a 50 day moving average price of $26.34 and a two-hundred day moving average price of $26.41. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.90 and a 12-month high of $26.68.

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.