Gateway Wealth Partners LLC Purchases 38,834 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Gateway Wealth Partners LLC boosted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 151.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,441 shares of the company’s stock after buying an additional 38,834 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its position in Capital Group Short Duration Municipal Income ETF by 21.7% during the 1st quarter. Sei Investments Co. now owns 90,268 shares of the company’s stock worth $2,372,000 after acquiring an additional 16,110 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Capital Group Short Duration Municipal Income ETF by 41.1% during the first quarter. Cetera Investment Advisers now owns 989,257 shares of the company’s stock valued at $25,998,000 after acquiring an additional 288,245 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at about $322,000. Fifth Third Bancorp acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the first quarter valued at about $261,000. Finally, Sovran Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the first quarter worth about $210,000.

Capital Group Short Duration Municipal Income ETF Trading Up 0.1%

Capital Group Short Duration Municipal Income ETF stock opened at $26.30 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 52 week low of $26.10 and a 52 week high of $26.68. The business’s 50-day simple moving average is $26.35 and its 200-day simple moving average is $26.41.

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.