Orion Portfolio Solutions LLC Increases Stock Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Orion Portfolio Solutions LLC lifted its holdings in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,060 shares of the company’s stock after buying an additional 9,065 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 4.15% of Capital Group Short Duration Municipal Income ETF worth $2,157,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CGSM. D.A. Davidson & CO. purchased a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter worth about $504,000. Captrust Financial Advisors boosted its position in shares of Capital Group Short Duration Municipal Income ETF by 95.4% in the 3rd quarter. Captrust Financial Advisors now owns 17,621 shares of the company’s stock worth $463,000 after purchasing an additional 8,603 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth approximately $806,000. Jane Street Group LLC increased its position in Capital Group Short Duration Municipal Income ETF by 225.5% during the 3rd quarter. Jane Street Group LLC now owns 70,904 shares of the company’s stock valued at $1,862,000 after buying an additional 49,123 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Capital Group Short Duration Municipal Income ETF during the third quarter valued at $5,092,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.05 on Wednesday. Capital Group Short Duration Municipal Income ETF has a 12 month low of $25.54 and a 12 month high of $26.34. The business’s fifty day simple moving average is $26.11 and its two-hundred day simple moving average is $26.12.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were paid a $0.0681 dividend. This is a boost from Capital Group Short Duration Municipal Income ETF’s previous dividend of $0.05. The ex-dividend date of this dividend was Friday, March 28th.

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.