Capital Group Short Duration Municipal Income ETF $CGSM Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 41.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 989,257 shares of the company’s stock after acquiring an additional 288,245 shares during the quarter. Cetera Investment Advisers’ holdings in Capital Group Short Duration Municipal Income ETF were worth $25,998,000 as of its most recent SEC filing.

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

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM opened at $26.22 on Monday. The stock’s fifty day simple moving average is $26.35 and its 200 day simple moving average is $26.42. Capital Group Short Duration Municipal Income ETF has a 52-week low of $26.10 and a 52-week 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.