Sunrise Financial Services LLC Purchases 21,231 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

Sunrise Financial Services LLC increased its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 50.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,198 shares of the company’s stock after purchasing an additional 21,231 shares during the quarter. Capital Group Short Duration Municipal Income ETF makes up 0.9% of Sunrise Financial Services LLC’s holdings, making the stock its 23rd largest position. Sunrise Financial Services LLC’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,625,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of CGSM. Envestnet Asset Management Inc. lifted its stake in Capital Group Short Duration Municipal Income ETF by 7.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock valued at $83,125,000 after purchasing an additional 221,888 shares during the last quarter. Cetera Investment Advisers grew 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 worth $25,998,000 after purchasing an additional 288,245 shares during the period. Royal Bank of Canada grew its holdings in Capital Group Short Duration Municipal Income ETF by 85.2% during the first quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock worth $8,570,000 after purchasing an additional 150,064 shares during the period. Kestra Advisory Services LLC grew its holdings in Capital Group Short Duration Municipal Income ETF by 251.2% during the first quarter. Kestra Advisory Services LLC now owns 310,024 shares of the company’s stock worth $8,147,000 after purchasing an additional 221,749 shares during the period. Finally, Financial Connections Group Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF by 7.8% during the first quarter. Financial Connections Group Inc. now owns 190,872 shares of the company’s stock worth $5,016,000 after purchasing an additional 13,758 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of NYSEARCA CGSM opened at $26.00 on Thursday. The business’s 50 day moving average price is $26.04 and its two-hundred day moving average price is $26.23. 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 firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a $0.0640 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0580. This represents a $0.77 dividend on an annualized basis and a dividend yield of 3.0%.

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