Principal Securities Inc. Buys 1,016 Shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Principal Securities Inc. grew its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 52,050 shares of the company’s stock after acquiring an additional 1,016 shares during the quarter. Principal Securities Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,352,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Peterson Wealth Advisors LLC lifted its position in Capital Group Short Duration Municipal Income ETF by 6.7% during the third quarter. Peterson Wealth Advisors LLC now owns 10,774 shares of the company’s stock worth $283,000 after purchasing an additional 679 shares during the period. AdvisorNet Financial Inc raised its position in shares of Capital Group Short Duration Municipal Income ETF by 20.5% in the 4th quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after buying an additional 805 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter worth approximately $35,000. Stephens Inc. AR boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 3.3% during the 4th quarter. Stephens Inc. AR now owns 44,805 shares of the company’s stock worth $1,164,000 after acquiring an additional 1,440 shares in the last quarter. Finally, TrueWealth Advisors LLC boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 18.1% during the 4th quarter. TrueWealth Advisors LLC now owns 16,812 shares of the company’s stock worth $437,000 after acquiring an additional 2,573 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of CGSM opened at $26.10 on Wednesday. The firm has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $26.13. Capital Group Short Duration Municipal Income ETF has a one year low of $25.54 and a one year high of $26.34.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were issued a dividend of $0.0505 per share. The ex-dividend date of this dividend was Friday, January 31st.

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.