Capital Group Short Duration Municipal Income ETF $CGSM Shares Bought by Assetmark Inc.

by · The Markets Daily

Assetmark Inc. increased its stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSMFree Report) by 54.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,700 shares of the company’s stock after purchasing an additional 39,925 shares during the period. Assetmark Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $2,965,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its stake in Capital Group Short Duration Municipal Income ETF by 1,134.9% in the 1st quarter. First Horizon Advisors Inc. now owns 2,581 shares of the company’s stock worth $67,000 after purchasing an additional 2,372 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth approximately $72,000. Koshinski Asset Management Inc. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth approximately $210,000. VestGen Investment Management acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 2nd quarter worth approximately $241,000. Finally, Baird Financial Group Inc. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 1st quarter worth approximately $242,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

CGSM stock opened at $26.33 on Tuesday. The firm has a 50 day moving average of $26.38 and a 200 day moving average of $26.17. Capital Group Short Duration Municipal Income ETF has a 52 week low of $25.55 and a 52 week high of $26.55.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were paid a dividend of $0.0745 per share. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, October 31st. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06.

Capital Group Short Duration Municipal Income ETF Company Profile

(Free Report)

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.

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