Private Advisor Group LLC Purchases 77,611 Shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Private Advisor Group LLC boosted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 168.8% during the third quarter, HoldingsChannel.com reports. The fund owned 123,579 shares of the company’s stock after buying an additional 77,611 shares during the quarter. Private Advisor Group LLC owned approximately 0.06% of Capital Group Short Duration Municipal Income ETF worth $3,245,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WR Wealth Planners LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 55.7% during the second quarter. WR Wealth Planners LLC now owns 2,373 shares of the company’s stock worth $61,000 after purchasing an additional 849 shares during the last quarter. ICA Group Wealth Management LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 112.0% during the 2nd quarter. ICA Group Wealth Management LLC now owns 2,461 shares of the company’s stock worth $63,000 after buying an additional 1,300 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 19.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,831 shares of the company’s stock worth $99,000 after buying an additional 619 shares during the last quarter. Tempus Wealth Planning LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter valued at about $229,000. Finally, Smith Thornton Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at about $250,000.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock opened at $26.14 on Monday. The firm has a 50-day moving average price of $26.22 and a 200-day moving average price of $25.96. Capital Group Short Duration Municipal Income ETF has a 12 month low of $24.99 and a 12 month high of $26.34.

Capital Group Short Duration Municipal Income ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, August 1st. Shareholders of record on Wednesday, July 31st were paid a dividend of $0.0269 per share. The ex-dividend date of this dividend was Wednesday, July 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.