Valmark Advisers Inc. Reduces Stake in Capital Group Short Duration Municipal Income ETF $CGSM

Valmark Advisers Inc. cut its stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) by 86.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,091 shares of the company’s stock after selling 53,086 shares during the period. Valmark Advisers Inc.’s holdings in Capital Group Short Duration Municipal Income ETF were worth $213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Wedbush Securities Inc. boosted its holdings in shares of Capital Group Short Duration Municipal Income ETF by 1.7% in the 4th quarter. Wedbush Securities Inc. now owns 38,909 shares of the company’s stock worth $1,025,000 after purchasing an additional 653 shares during the period. Richards Merrill & Peterson Inc. lifted its position in Capital Group Short Duration Municipal Income ETF by 4.6% in the fourth quarter. Richards Merrill & Peterson Inc. now owns 20,825 shares of the company’s stock worth $549,000 after buying an additional 925 shares during the last quarter. Smith Thornton Advisors LLC lifted its position in Capital Group Short Duration Municipal Income ETF by 1.7% in the fourth quarter. Smith Thornton Advisors LLC now owns 59,890 shares of the company’s stock worth $1,578,000 after buying an additional 1,000 shares during the last quarter. Stephens Inc. AR boosted its stake in Capital Group Short Duration Municipal Income ETF by 9.5% during the fourth quarter. Stephens Inc. AR now owns 13,075 shares of the company’s stock worth $344,000 after buying an additional 1,135 shares during the period. Finally, EQ Wealth Advisors LLC bought a new position in Capital Group Short Duration Municipal Income ETF during the fourth quarter valued at $30,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Capital Group Short Duration Municipal Income ETF stock opened at $26.37 on Thursday. The firm has a 50-day moving average price of $26.35 and a 200-day moving average price of $26.42. Capital Group Short Duration Municipal Income ETF has a 12-month low of $26.10 and a 12-month high of $26.68.

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.