Rockefeller Capital Management L.P. Makes New $1.46 Million Investment in Capital Group Short Duration Municipal Income ETF $CGSM

Rockefeller Capital Management L.P. purchased a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 55,429 shares of the company’s stock, valued at approximately $1,460,000. Rockefeller Capital Management L.P. owned approximately 0.15% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CGSM. World Investment Advisors acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 4th quarter valued at $458,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $506,000. Axxcess Wealth Management LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $375,000. Royal Harbor Partners LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 2.8% in the 4th quarter. Royal Harbor Partners LLC now owns 106,509 shares of the company’s stock valued at $2,805,000 after purchasing an additional 2,863 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 10.9% in the 4th quarter. NewEdge Advisors LLC now owns 51,790 shares of the company’s stock valued at $1,364,000 after purchasing an additional 5,106 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA:CGSM opened at $26.37 on Thursday. The stock’s 50 day moving average price is $26.35 and its 200 day moving average price is $26.42. Capital Group Short Duration Municipal Income ETF has a 52-week low of $26.08 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.