Northwestern Mutual Wealth Management Co. Raises Holdings in Capital Group Short Duration Municipal Income ETF $CGSM

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 142.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 357,693 shares of the company’s stock after acquiring an additional 210,171 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $9,422,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CGSM. Capital International Investors grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 5.7% during the third quarter. Capital International Investors now owns 12,901,568 shares of the company’s stock worth $340,085,000 after acquiring an additional 694,623 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 26.6% during the third quarter. Envestnet Asset Management Inc. now owns 2,161,759 shares of the company’s stock worth $56,984,000 after acquiring an additional 454,829 shares during the last quarter. Capital Group Private Client Services Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 87.2% during the third quarter. Capital Group Private Client Services Inc. now owns 645,901 shares of the company’s stock worth $17,026,000 after acquiring an additional 300,787 shares during the last quarter. Truist Financial Corp grew its stake in shares of Capital Group Short Duration Municipal Income ETF by 261.3% during the fourth quarter. Truist Financial Corp now owns 386,683 shares of the company’s stock worth $10,185,000 after acquiring an additional 279,654 shares during the last quarter. Finally, Integrated Wealthcare LLC purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth about $5,151,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM stock opened at $26.34 on Wednesday. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.93 and a fifty-two week high of $26.68. The stock’s 50-day simple moving average is $26.34 and its 200-day simple moving average is $26.42.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.