Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Stock Position Increased by Beta Wealth Group Inc.

Beta Wealth Group Inc. increased its position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 22.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,667 shares of the company’s stock after purchasing an additional 42,435 shares during the quarter. Capital Group Short Duration Municipal Income ETF accounts for approximately 2.7% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 10th largest holding. Beta Wealth Group Inc. owned 11.53% of Capital Group Short Duration Municipal Income ETF worth $6,057,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Capital International Investors lifted its stake in Capital Group Short Duration Municipal Income ETF by 20.0% during the 1st quarter. Capital International Investors now owns 798,000 shares of the company’s stock valued at $20,517,000 after acquiring an additional 133,000 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at about $81,740,000. Private Advisor Group LLC boosted its position in Capital Group Short Duration Municipal Income ETF by 168.8% in the 3rd quarter. Private Advisor Group LLC now owns 123,579 shares of the company’s stock worth $3,245,000 after purchasing an additional 77,611 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at $2,180,000. Finally, Commonwealth Equity Services LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 57.9% in the second quarter. Commonwealth Equity Services LLC now owns 69,191 shares of the company’s stock valued at $1,781,000 after buying an additional 25,362 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM stock opened at $26.11 on Friday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.25 and a 52-week high of $26.34. The company’s 50-day simple moving average is $26.20 and its 200-day simple moving average is $25.98.

Capital Group Short Duration Municipal Income ETF 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.