Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) Shares Acquired 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% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 230,667 shares of the company’s stock after buying an additional 42,435 shares during the quarter. Capital Group Short Duration Municipal Income ETF comprises approximately 2.7% of Beta Wealth Group Inc.’s portfolio, making the stock its 10th largest position. Beta Wealth Group Inc. owned about 0.12% 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 added to or reduced their stakes in CGSM. WR Wealth Planners LLC boosted its stake in Capital Group Short Duration Municipal Income ETF by 55.7% during the second quarter. WR Wealth Planners LLC now owns 2,373 shares of the company’s stock worth $61,000 after buying an additional 849 shares during the period. ICA Group Wealth Management LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 112.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 2,461 shares of the company’s stock worth $63,000 after acquiring an additional 1,300 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 19.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,831 shares of the company’s stock worth $99,000 after purchasing an additional 619 shares during the period. Tempus Wealth Planning LLC purchased a new stake in Capital Group Short Duration Municipal Income ETF in the second quarter valued at approximately $229,000. Finally, Smith Thornton Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF in the second quarter valued at $250,000.

Capital Group Short Duration Municipal Income ETF Price Performance

CGSM opened at $26.11 on Friday. Capital Group Short Duration Municipal Income ETF has a 12-month low of $25.25 and a 12-month high of $26.34. The stock’s 50-day moving average price is $26.20 and its 200 day moving average price is $25.98.

Capital Group Short Duration Municipal Income ETF Company 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.