Apella Capital LLC Invests $4.02 Million in Capital Group Short Duration Municipal Income ETF $CGSM

Apella Capital LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 151,956 shares of the company’s stock, valued at approximately $4,018,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EQ Wealth Advisors LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $30,000. JPMorgan Chase & Co. grew its holdings in shares of Capital Group Short Duration Municipal Income ETF by 409.6% during the third quarter. JPMorgan Chase & Co. now owns 1,641 shares of the company’s stock valued at $43,000 after buying an additional 1,319 shares during the last quarter. Private Trust Co. NA purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $50,000. Lodestone Wealth Management LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at approximately $51,000. Finally, CoreCap Advisors LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the 4th quarter worth approximately $58,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.39 on Friday. The business’s fifty day simple moving average is $26.35 and its two-hundred day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.05 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.