OLD Mission Capital LLC Makes New Investment in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

OLD Mission Capital LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,381 shares of the company’s stock, valued at approximately $737,000.

A number of other hedge funds also recently modified their holdings of the stock. Truist Financial Corp raised its holdings in Capital Group Short Duration Municipal Income ETF by 7.8% in the 4th quarter. Truist Financial Corp now owns 80,521 shares of the company’s stock valued at $2,091,000 after acquiring an additional 5,843 shares during the period. JPMorgan Chase & Co. bought a new position in shares of Capital Group Short Duration Municipal Income ETF during the third quarter worth approximately $35,000. Commonwealth Equity Services LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 21.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 111,655 shares of the company’s stock worth $2,900,000 after purchasing an additional 19,469 shares during the period. Jane Street Group LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 225.5% in the 3rd quarter. Jane Street Group LLC now owns 70,904 shares of the company’s stock valued at $1,862,000 after purchasing an additional 49,123 shares during the period. Finally, Avantax Advisory Services Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF by 8.1% in the 4th quarter. Avantax Advisory Services Inc. now owns 10,380 shares of the company’s stock valued at $270,000 after buying an additional 779 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.06 on Friday. The stock has a fifty day moving average of $26.11 and a 200-day moving average of $26.12. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.54 and a fifty-two week high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 28th were paid a $0.0681 dividend. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, March 28th.

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.