Capital Group Private Client Services Inc. Has $20.52 Million Stock Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Capital Group Private Client Services Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 20.6% in the 4th quarter, HoldingsChannel reports. The firm owned 778,976 shares of the company’s stock after buying an additional 133,075 shares during the period. Capital Group Private Client Services Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $20,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the business. Capital International Investors lifted its holdings in Capital Group Short Duration Municipal Income ETF by 5.7% during 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 holdings in Capital Group Short Duration Municipal Income ETF by 26.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock valued at $56,984,000 after purchasing an additional 454,829 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Capital Group Short Duration Municipal Income ETF by 10.2% during the 3rd quarter. Captrust Financial Advisors now owns 803,298 shares of the company’s stock valued at $21,175,000 after purchasing an additional 74,563 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 166.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 392,983 shares of the company’s stock valued at $10,351,000 after purchasing an additional 245,461 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in Capital Group Short Duration Municipal Income ETF by 261.3% during the 4th quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock valued at $10,185,000 after purchasing an additional 279,654 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Down 0.1%

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.35 on Friday. The business has a fifty day simple moving average of $26.34 and a two-hundred day simple moving average of $26.41. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.97 and a 1 year 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.