EverSource Wealth Advisors LLC Reduces Holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

EverSource Wealth Advisors LLC decreased its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,465 shares of the company’s stock after selling 1,796 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 2.07% of Capital Group Short Duration Municipal Income ETF worth $1,077,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. PUREfi Wealth LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $12,204,000. MML Investors Services LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the third quarter worth about $5,092,000. Orion Portfolio Solutions LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the third quarter worth about $1,943,000. Assetmark Inc. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter valued at about $1,687,000. Finally, Jane Street Group LLC lifted its position in Capital Group Short Duration Municipal Income ETF by 225.5% in the third 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 period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGSM opened at $26.10 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 company has a 50-day moving average price of $26.09 and a 200 day moving average price of $26.13.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

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

Capital Group Short Duration Municipal Income ETF Company 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.