29,000 Capital Group Short Duration Municipal Income ETF $CGSM Shares Bought by Lakeside Advisors INC.

Lakeside Advisors INC. raised its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 64.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,000 shares of the company’s stock after acquiring an additional 29,000 shares during the quarter. Capital Group Short Duration Municipal Income ETF makes up 1.1% of Lakeside Advisors INC.’s portfolio, making the stock its 19th biggest holding. Lakeside Advisors INC. owned approximately 0.12% of Capital Group Short Duration Municipal Income ETF worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sard Wealth Management Group LLC boosted its stake in shares of Capital Group Short Duration Municipal Income ETF by 0.6% during the third quarter. Sard Wealth Management Group LLC now owns 67,522 shares of the company’s stock valued at $1,736,000 after acquiring an additional 395 shares during the last quarter. First Heartland Consultants Inc. increased its position in Capital Group Short Duration Municipal Income ETF by 4.2% during the 2nd quarter. First Heartland Consultants Inc. now owns 14,815 shares of the company’s stock worth $391,000 after purchasing an additional 600 shares in the last quarter. Apella Capital LLC increased its position in Capital Group Short Duration Municipal Income ETF by 0.4% during the 2nd quarter. Apella Capital LLC now owns 152,619 shares of the company’s stock worth $4,028,000 after purchasing an additional 663 shares in the last quarter. Capital Analysts LLC increased its position in Capital Group Short Duration Municipal Income ETF by 38.2% during the 2nd quarter. Capital Analysts LLC now owns 5,166 shares of the company’s stock worth $137,000 after purchasing an additional 1,427 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the 2nd quarter valued at about $42,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of CGSM stock opened at $25.98 on Tuesday. The firm has a 50-day moving average price of $26.05 and a 200 day moving average price of $26.24. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.59 and a twelve month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0640 per share. This represents a $0.77 dividend on an annualized basis and a yield of 3.0%. This is an increase from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. The ex-dividend date was Tuesday, September 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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.