Continental Investors Services Inc. Takes $219,000 Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Continental Investors Services Inc. purchased a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,336 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CGSM. WR Wealth Planners LLC raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 55.7% during the 2nd quarter. WR Wealth Planners LLC now owns 2,373 shares of the company’s stock worth $61,000 after purchasing an additional 849 shares during the period. ICA Group Wealth Management LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 112.0% during the second quarter. ICA Group Wealth Management LLC now owns 2,461 shares of the company’s stock worth $63,000 after buying an additional 1,300 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Capital Group Short Duration Municipal Income ETF by 19.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,831 shares of the company’s stock worth $99,000 after acquiring an additional 619 shares during the period. Tempus Wealth Planning LLC purchased a new position in Capital Group Short Duration Municipal Income ETF in the second quarter valued at about $229,000. Finally, Smith Thornton Advisors LLC bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the 2nd quarter valued at approximately $250,000.

Capital Group Short Duration Municipal Income ETF Stock Down 0.0 %

NYSEARCA:CGSM opened at $26.20 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.54 and a 12 month high of $26.34. The firm’s 50 day moving average is $26.16 and its 200 day moving average is $26.05.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, December 2nd. Shareholders of record on Friday, November 29th were paid a $0.0608 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.03.

About Capital Group Short Duration Municipal Income ETF

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.