Petredis Investment Advisors LLC Invests $996,000 in Capital Group Short Duration Municipal Income ETF $CGSM

Petredis Investment Advisors LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,900 shares of the company’s stock, valued at approximately $996,000. Petredis Investment Advisors LLC owned approximately 0.09% of Capital Group Short Duration Municipal Income ETF as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. First Heartland Consultants Inc. increased its position in Capital Group Short Duration Municipal Income ETF by 5.0% during the 3rd quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock worth $345,000 after purchasing an additional 625 shares in the last quarter. Wedbush Securities Inc. lifted its holdings in Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock valued at $1,025,000 after purchasing an additional 653 shares in the last quarter. Thoroughbred Financial Services LLC lifted its holdings in Capital Group Short Duration Municipal Income ETF by 6.6% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock valued at $325,000 after purchasing an additional 761 shares in the last quarter. Richards Merrill & Peterson Inc. boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 4.6% during the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after purchasing an additional 925 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.7% during the fourth quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock worth $1,578,000 after buying an additional 1,000 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM opened at $26.37 on Monday. The company has a 50-day simple moving average of $26.35 and a 200-day simple moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.03 and a 12 month 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.