Valmark Advisers Inc. lowered its holdings in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM – Free Report) by 86.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,091 shares of the company’s stock after selling 53,086 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $213,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Landaas & Co. WI ADV lifted its position in shares of Capital Group Short Duration Municipal Income ETF by 230.7% during the fourth quarter. Landaas & Co. WI ADV now owns 31,220 shares of the company’s stock worth $822,000 after purchasing an additional 21,779 shares during the last quarter. Cauble & Harre Wealth Management Inc. bought a new position in shares of Capital Group Short Duration Municipal Income ETF in the fourth quarter worth about $2,040,000. Hartmann Taylor Wealth Management LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 14.4% in the 4th quarter. Hartmann Taylor Wealth Management LLC now owns 164,791 shares of the company’s stock worth $4,341,000 after buying an additional 20,694 shares during the period. Tribridge Partners Financial LLC increased its stake in 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 buying an additional 27,389 shares during the period. Finally, Total Clarity Wealth Management Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF during the 4th quarter valued at about $3,177,000.
Capital Group Short Duration Municipal Income ETF Price Performance
Capital Group Short Duration Municipal Income ETF stock opened at $26.37 on Thursday. Capital Group Short Duration Municipal Income ETF has a 1 year low of $26.10 and a 1 year high of $26.68. The firm has a 50-day moving average of $26.35 and a two-hundred day moving average of $26.42.
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. CGSM was launched on Sep 26, 2023 and is issued by Capital Group.
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