Avantax Advisory Services Inc. Has $270,000 Stock Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Avantax Advisory Services Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,380 shares of the company’s stock after purchasing an additional 779 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Truist Financial Corp boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 7.8% in the fourth quarter. Truist Financial Corp now owns 80,521 shares of the company’s stock valued at $2,091,000 after buying an additional 5,843 shares during the period. JPMorgan Chase & Co. bought a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at $35,000. Jane Street Group LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 225.5% in the 3rd quarter. Jane Street Group LLC now owns 70,904 shares of the company’s stock worth $1,862,000 after purchasing an additional 49,123 shares during the period. Jones Financial Companies Lllp lifted its stake in Capital Group Short Duration Municipal Income ETF by 2,610.4% in the 4th quarter. Jones Financial Companies Lllp now owns 13,552 shares of the company’s stock valued at $352,000 after acquiring an additional 13,052 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 4.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 86,354 shares of the company’s stock valued at $2,243,000 after buying an additional 3,347 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.08 on Wednesday. The business has a 50 day moving average price of $26.11 and a two-hundred day moving average price of $26.13. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.54 and a twelve month high of $26.34.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were given a dividend of $0.0505 per share. The ex-dividend date was Friday, January 31st.

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.