Beta Wealth Group Inc. Purchases 1,278 Shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Beta Wealth Group Inc. raised its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 0.6% during the fourth quarter, Holdings Channel reports. The fund owned 231,945 shares of the company’s stock after buying an additional 1,278 shares during the period. Capital Group Short Duration Municipal Income ETF comprises about 2.7% of Beta Wealth Group Inc.’s investment portfolio, making the stock its 11th biggest position. Beta Wealth Group Inc. owned about 0.12% of Capital Group Short Duration Municipal Income ETF worth $6,024,000 at the end of the most recent quarter.

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

Capital Group Short Duration Municipal Income ETF Trading Up 0.1 %

NYSEARCA CGSM opened at $26.12 on Tuesday. The stock has a 50-day moving average of $26.05 and a 200 day moving average of $26.13. Capital Group Short Duration Municipal Income ETF has a one year low of $25.54 and a one year high of $26.34.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The company also recently disclosed 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 of this dividend was Friday, January 31st.

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.