Capital Group Short Duration Municipal Income ETF $CGSM Stock: Kestra Advisory Services LLC Grows Holdings

Kestra Advisory Services LLC lifted its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 416,192 shares of the company’s stock after buying an additional 55,535 shares during the period. Kestra Advisory Services LLC owned approximately 0.64% of Capital Group Short Duration Municipal Income ETF worth $10,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 7.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,150,448 shares of the company’s stock worth $83,125,000 after acquiring an additional 221,888 shares during the period. Cetera Investment Advisers lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 41.1% during the 1st 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. Commonwealth Equity Services LLC bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at $13,358,000. Royal Bank of Canada lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 85.2% during the 1st quarter. Royal Bank of Canada now owns 326,116 shares of the company’s stock valued at $8,570,000 after acquiring an additional 150,064 shares during the period. Finally, Apella Capital LLC grew its holdings in shares of 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 Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.25 on Tuesday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.59 and a 52-week high of $26.68. The business’s fifty day moving average is $26.01 and its 200-day moving average is $26.30.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a dividend of $0.0635 per share. This is a negative change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.0640. This represents a $0.76 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 30th.

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.