Principal Securities Inc. Has $1.35 Million Stock Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Principal Securities Inc. increased its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,050 shares of the company’s stock after buying an additional 1,016 shares during the quarter. Principal Securities Inc. owned 2.60% of Capital Group Short Duration Municipal Income ETF worth $1,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 168.8% in the third quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock valued at $3,245,000 after purchasing an additional 77,611 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at approximately $81,740,000. Wealth Enhancement Advisory Services LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 15.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 58,206 shares of the company’s stock valued at $1,528,000 after acquiring an additional 8,000 shares in the last quarter. Peterson Wealth Advisors LLC boosted its position in 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 acquiring an additional 679 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth approximately $2,180,000.

Capital Group Short Duration Municipal Income ETF Trading Down 0.1 %

Shares of CGSM stock opened at $26.10 on Wednesday. The firm’s fifty day moving average price is $26.04 and its two-hundred day moving average price is $26.13. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 year high of $26.34.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently disclosed 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.

Capital Group Short Duration Municipal Income ETF Profile

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.