TrueWealth Advisors LLC Increases Stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

TrueWealth Advisors LLC lifted its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 18.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,812 shares of the company’s stock after purchasing an additional 2,573 shares during the period. TrueWealth Advisors LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in CGSM. International Assets Investment Management LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter worth approximately $81,740,000. Beta Wealth Group Inc. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 22.5% during the 3rd quarter. Beta Wealth Group Inc. now owns 230,667 shares of the company’s stock valued at $6,057,000 after buying an additional 42,435 shares during the period. MML Investors Services LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $5,092,000. Private Advisor Group LLC boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 168.8% in the 3rd quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock worth $3,245,000 after buying an additional 77,611 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter worth $2,180,000.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock opened at $26.00 on Friday. The business’s 50-day moving average is $26.07 and its two-hundred day moving average is $26.11. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.54 and a fifty-two week high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 2nd. Investors of record on Friday, November 29th were issued a $0.0608 dividend. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.03. The ex-dividend date was Friday, November 29th.

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.