Confluence Wealth Services Inc. Purchases 17,555 Shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Confluence Wealth Services Inc. lifted its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 77.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,341 shares of the company’s stock after buying an additional 17,555 shares during the quarter. Confluence Wealth Services Inc. owned about 2.02% of Capital Group Short Duration Municipal Income ETF worth $1,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at approximately $35,000. AdvisorNet Financial Inc boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 20.5% in the fourth quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after acquiring an additional 805 shares during the period. Continental Investors Services Inc. acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the third quarter worth $219,000. Good Life Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the third quarter worth $266,000. Finally, Peterson Wealth Advisors LLC raised its stake in Capital Group Short Duration Municipal Income ETF by 6.7% during the 3rd quarter. Peterson Wealth Advisors LLC now owns 10,774 shares of the company’s stock valued at $283,000 after purchasing an additional 679 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.14 on Thursday. The firm has a fifty day moving average price of $26.06 and a two-hundred day moving average price of $26.13. 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 Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were given 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.