Valmark Advisers Inc. Makes New Investment in Capital Group Short Duration Municipal Income ETF $CGSM

Valmark Advisers Inc. acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the fourth quarter, Holdings Channel.com reports. The firm acquired 61,177 shares of the company’s stock, valued at approximately $1,611,000.

A number of other hedge funds have also bought and sold shares of CGSM. Tribridge Partners Financial LLC lifted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 60.0% in the 4th quarter. Tribridge Partners Financial LLC now owns 73,017 shares of the company’s stock worth $1,923,000 after acquiring an additional 27,389 shares during the last quarter. Assetmark Inc. grew its holdings in Capital Group Short Duration Municipal Income ETF by 10.7% during the 4th quarter. Assetmark Inc. now owns 131,774 shares of the company’s stock valued at $3,471,000 after purchasing an additional 12,715 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Capital Group Short Duration Municipal Income ETF by 126.7% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 33,275 shares of the company’s stock valued at $876,000 after purchasing an additional 18,595 shares during the last quarter. Integrated Wealthcare LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $5,151,000. Finally, Capital Investment Advisory Services LLC grew its holdings in Capital Group Short Duration Municipal Income ETF by 27.3% during the 4th quarter. Capital Investment Advisory Services LLC now owns 7,000 shares of the company’s stock valued at $184,000 after purchasing an additional 1,500 shares during the last quarter.

Capital Group Short Duration Municipal Income ETF Stock Down 0.0%

CGSM opened at $26.34 on Thursday. The stock’s 50 day moving average price is $26.47 and its 200-day moving average price is $26.42. Capital Group Short Duration Municipal Income ETF has a one year low of $25.69 and a one year high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were paid a dividend of $0.0667 per share. This is a positive change from Capital Group Short Duration Municipal Income ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Friday, February 27th.

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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.