21,211 Shares in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Purchased by Financial Connections Group Inc.

Financial Connections Group Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,211 shares of the company’s stock, valued at approximately $550,000. Financial Connections Group Inc. owned approximately 1.06% of Capital Group Short Duration Municipal Income ETF at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Good Life Advisors LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth about $266,000. Private Advisor Group LLC raised its position in Capital Group Short Duration Municipal Income ETF by 168.8% during the third quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock worth $3,245,000 after acquiring an additional 77,611 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter valued at about $81,740,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Capital Group Short Duration Municipal Income ETF by 15.9% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 58,206 shares of the company’s stock valued at $1,528,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Peterson Wealth Advisors LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 6.7% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 10,774 shares of the company’s stock worth $283,000 after purchasing an additional 679 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGSM opened at $26.13 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.54 and a 52-week high of $26.34. The stock’s fifty day simple moving average is $26.05 and its 200-day simple moving average is $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were paid a $0.0505 dividend. The ex-dividend date of this dividend 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.