Petredis Investment Advisors LLC Makes New Investment in Capital Group Short Duration Municipal Income ETF $CGSM

Petredis Investment Advisors LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,900 shares of the company’s stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. First Heartland Consultants Inc. increased its stake in Capital Group Short Duration Municipal Income ETF by 5.0% in the third quarter. First Heartland Consultants Inc. now owns 13,095 shares of the company’s stock valued at $345,000 after purchasing an additional 625 shares during the last quarter. Wedbush Securities Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 1.7% during the fourth quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock worth $1,025,000 after buying an additional 653 shares during the period. Thoroughbred Financial Services LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 6.6% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 12,330 shares of the company’s stock worth $325,000 after buying an additional 761 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 4.6% in the 4th quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after buying an additional 925 shares during the last quarter. Finally, Smith Thornton Advisors LLC grew its holdings in Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock valued at $1,578,000 after buying an additional 1,000 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM opened at $26.37 on Monday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $26.03 and a 12 month high of $26.68. The business has a 50-day moving average of $26.35 and a two-hundred day moving average of $26.42.

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.