J.W. Cole Advisors Inc. Buys 72,370 Shares of Capital Group Short Duration Municipal Income ETF $CGSM

J.W. Cole Advisors Inc. boosted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 99.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 145,281 shares of the company’s stock after purchasing an additional 72,370 shares during the period. J.W. Cole Advisors Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $3,827,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 15.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 29,400 shares of the company’s stock valued at $774,000 after acquiring an additional 3,878 shares during the period. Natixis Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $972,000. Acorn Wealth Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF in the fourth quarter valued at about $863,000. Northwestern Mutual Wealth Management Co. increased its stake in Capital Group Short Duration Municipal Income ETF by 142.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 357,693 shares of the company’s stock valued at $9,422,000 after acquiring an additional 210,171 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 22.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 72,098 shares of the company’s stock valued at $1,899,000 after acquiring an additional 13,437 shares during the period.

Capital Group Short Duration Municipal Income ETF Price Performance

NYSEARCA CGSM opened at $26.35 on Friday. The company’s 50-day simple moving average is $26.34 and its 200 day simple moving average is $26.41. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.97 and a twelve month high of $26.68.

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.