Private Advisor Group LLC Purchases 3,959 Shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Private Advisor Group LLC grew its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 127,538 shares of the company’s stock after acquiring an additional 3,959 shares during the quarter. Private Advisor Group LLC owned about 6.38% of Capital Group Short Duration Municipal Income ETF worth $3,312,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Peterson Wealth Advisors LLC raised its holdings in shares of Capital Group Short Duration Municipal Income ETF by 6.7% in the third quarter. Peterson Wealth Advisors LLC now owns 10,774 shares of the company’s stock worth $283,000 after buying an additional 679 shares during the period. AdvisorNet Financial Inc increased its stake in Capital Group Short Duration Municipal Income ETF by 20.5% in the fourth quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock worth $123,000 after purchasing an additional 805 shares during the period. Global Retirement Partners LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 223.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock worth $32,000 after purchasing an additional 854 shares during the period. Principal Securities Inc. boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 2.0% during the fourth quarter. Principal Securities Inc. now owns 52,050 shares of the company’s stock valued at $1,352,000 after purchasing an additional 1,016 shares during the period. Finally, Beta Wealth Group Inc. boosted its position in Capital Group Short Duration Municipal Income ETF by 0.6% in the 4th quarter. Beta Wealth Group Inc. now owns 231,945 shares of the company’s stock valued at $6,024,000 after buying an additional 1,278 shares during the period.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1 %

Shares of NYSEARCA CGSM opened at $26.18 on Monday. 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 has a 50 day moving average price of $26.04 and a 200 day moving average price of $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given 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.