PUREfi Wealth LLC Takes $12.20 Million Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

PUREfi Wealth LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 469,934 shares of the company’s stock, valued at approximately $12,204,000. Capital Group Short Duration Municipal Income ETF comprises about 11.9% of PUREfi Wealth LLC’s portfolio, making the stock its largest position. PUREfi Wealth LLC owned 23.50% of Capital Group Short Duration Municipal Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. bought a new stake in Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $35,000. AdvisorNet Financial Inc boosted its stake in Capital Group Short Duration Municipal Income ETF by 20.5% during the 4th quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after purchasing an additional 805 shares during the period. Continental Investors Services Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $219,000. Good Life Advisors LLC bought a new stake in Capital Group Short Duration Municipal Income ETF during the 3rd quarter valued at approximately $266,000. Finally, Peterson Wealth Advisors LLC boosted 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 period.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA:CGSM opened at $26.12 on Friday. The business has a 50 day moving average price of $26.05 and a 200 day moving average price of $26.13. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.54 and a twelve month 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. Shareholders of record on Friday, January 31st were given a $0.0505 dividend. The ex-dividend date was Friday, January 31st.

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.