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

Confluence Wealth Services Inc. grew its position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 77.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 40,341 shares of the company’s stock after purchasing an additional 17,555 shares during the period. Confluence Wealth Services Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $1,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Peterson Wealth Advisors LLC grew its holdings 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 worth $283,000 after acquiring an additional 679 shares during the period. AdvisorNet Financial Inc grew its stake in shares of 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 purchasing an additional 805 shares during the period. JPMorgan Chase & Co. bought a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter valued at about $35,000. TrueWealth Advisors LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 18.1% in the fourth quarter. TrueWealth Advisors LLC now owns 16,812 shares of the company’s stock valued at $437,000 after purchasing an additional 2,573 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Capital Group Short Duration Municipal Income ETF by 4.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 86,354 shares of the company’s stock valued at $2,243,000 after buying an additional 3,347 shares during the period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.14 on Thursday. The business has a 50-day moving average of $26.06 and a 200-day moving average of $26.13. Capital Group Short Duration Municipal Income ETF has a 1 year low of $25.54 and a 1 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 issued a dividend of $0.0505 per share. The ex-dividend date 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.