OLD Mission Capital LLC Invests $737,000 in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

OLD Mission Capital LLC purchased a new position in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 28,381 shares of the company’s stock, valued at approximately $737,000. OLD Mission Capital LLC owned about 1.42% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Global Retirement Partners LLC increased its stake in shares of Capital Group Short Duration Municipal Income ETF by 223.6% in the fourth quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock valued at $32,000 after buying an additional 854 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter valued at about $35,000. AdvisorNet Financial Inc increased its position in Capital Group Short Duration Municipal Income ETF by 20.5% in the 4th quarter. AdvisorNet Financial Inc now owns 4,733 shares of the company’s stock valued at $123,000 after acquiring an additional 805 shares in the last quarter. Continental Investors Services Inc. bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the third quarter worth about $219,000. Finally, Souders Financial Advisors acquired a new position in shares of Capital Group Short Duration Municipal Income ETF during the fourth quarter worth approximately $259,000.

Capital Group Short Duration Municipal Income ETF Price Performance

Shares of Capital Group Short Duration Municipal Income ETF stock opened at $26.06 on Friday. The firm has a 50 day simple moving average of $26.11 and a 200 day simple moving average of $26.12. Capital Group Short Duration Municipal Income ETF has a fifty-two week low of $25.54 and a fifty-two week high of $26.34.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders 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.

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.