Cauble & Harre Wealth Management Inc. Invests $2.04 Million in Capital Group Short Duration Municipal Income ETF $CGSM

Cauble & Harre Wealth Management Inc. bought a new position 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 Securities & Exchange Commission. The firm bought 77,446 shares of the company’s stock, valued at approximately $2,040,000. Capital Group Short Duration Municipal Income ETF comprises about 1.7% of Cauble & Harre Wealth Management Inc.’s holdings, making the stock its 18th largest position. Cauble & Harre Wealth Management Inc. owned 0.21% of Capital Group Short Duration Municipal Income ETF at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its stake in Capital Group Short Duration Municipal Income ETF by 64.6% during the third quarter. Jones Financial Companies Lllp now owns 300,279 shares of the company’s stock worth $7,927,000 after buying an additional 117,877 shares during the last quarter. J.W. Cole Advisors Inc. increased its holdings in Capital Group Short Duration Municipal Income ETF by 240.5% in the third quarter. J.W. Cole Advisors Inc. now owns 72,911 shares of the company’s stock worth $1,922,000 after purchasing an additional 51,496 shares in the last quarter. Landaas & Co. WI ADV increased its holdings in Capital Group Short Duration Municipal Income ETF by 230.7% in 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 in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Capital Group Short Duration Municipal Income ETF in the third quarter worth approximately $508,000. Finally, Tribridge Partners Financial LLC increased its holdings in Capital Group Short Duration Municipal Income ETF by 60.0% in the fourth quarter. Tribridge Partners Financial LLC now owns 73,017 shares of the company’s stock worth $1,923,000 after purchasing an additional 27,389 shares in the last quarter.

Capital Group Short Duration Municipal Income ETF Trading Down 0.3%

NYSEARCA:CGSM opened at $26.25 on Friday. The company has a fifty day moving average of $26.38 and a 200-day moving average of $26.42. Capital Group Short Duration Municipal Income ETF has a twelve month low of $25.90 and a twelve month high of $26.68.

Capital Group Short Duration Municipal Income ETF Increases Dividend

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

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.