Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 6.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,085 shares of the company’s stock after buying an additional 5,565 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $2,262,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CGSM. D.A. Davidson & CO. bought a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $504,000. Captrust Financial Advisors lifted its position in Capital Group Short Duration Municipal Income ETF by 95.4% in the 3rd quarter. Captrust Financial Advisors now owns 17,621 shares of the company’s stock valued at $463,000 after purchasing an additional 8,603 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $806,000. Jane Street Group LLC lifted its position 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 valued at $1,862,000 after purchasing an additional 49,123 shares during the last quarter. Finally, Orion Portfolio Solutions LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth about $1,943,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.12 on Friday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.54 and a 52 week high of $26.34. The firm’s 50-day moving average is $26.10 and its two-hundred day moving average is $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The business 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 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.