Jones Financial Companies Lllp Has $352,000 Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Jones Financial Companies Lllp raised its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 2,610.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,552 shares of the company’s stock after buying an additional 13,052 shares during the quarter. Jones Financial Companies Lllp’s holdings in Capital Group Short Duration Municipal Income ETF were worth $352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CGSM. PUREfi Wealth LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth $12,204,000. Beta Wealth Group Inc. grew its stake in Capital Group Short Duration Municipal Income ETF by 0.6% in the fourth quarter. Beta Wealth Group Inc. now owns 231,945 shares of the company’s stock valued at $6,024,000 after purchasing an additional 1,278 shares in the last quarter. MML Investors Services LLC acquired a new position in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth about $5,092,000. Private Advisor Group LLC raised its stake in shares of Capital Group Short Duration Municipal Income ETF by 3.2% during the 4th quarter. Private Advisor Group LLC now owns 127,538 shares of the company’s stock worth $3,312,000 after purchasing an additional 3,959 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 4.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 86,354 shares of the company’s stock valued at $2,243,000 after buying an additional 3,347 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Performance

NYSEARCA:CGSM opened at $26.13 on Wednesday. The stock’s 50 day moving average price is $26.08 and its 200 day moving average price is $26.13. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.54 and a 52 week 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 was Friday, January 31st.

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.