Souders Financial Advisors Takes Position in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Souders Financial Advisors acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 9,967 shares of the company’s stock, valued at approximately $259,000. Souders Financial Advisors owned 0.50% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CGSM. Global Retirement Partners LLC boosted its holdings in Capital Group Short Duration Municipal Income ETF by 223.6% in the 4th quarter. Global Retirement Partners LLC now owns 1,236 shares of the company’s stock worth $32,000 after buying an additional 854 shares during the period. JPMorgan Chase & Co. purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $35,000. AdvisorNet Financial Inc increased its stake 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 worth $123,000 after buying an additional 805 shares in the last quarter. Continental Investors Services Inc. purchased a new stake in Capital Group Short Duration Municipal Income ETF in the 3rd quarter worth $219,000. Finally, Peterson Wealth Advisors LLC increased its stake in Capital Group Short Duration Municipal Income ETF by 9.3% in the 4th quarter. Peterson Wealth Advisors LLC now owns 11,773 shares of the company’s stock worth $306,000 after buying an additional 999 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Trading Up 0.0 %

Shares of CGSM stock opened at $26.16 on Thursday. Capital Group Short Duration Municipal Income ETF has a 52-week low of $25.54 and a 52-week high of $26.34. The stock has a fifty day simple moving average of $26.07 and a two-hundred day simple moving average of $26.14.

Capital Group Short Duration Municipal Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Shareholders of record on Friday, January 31st were paid a $0.0505 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.