Pillar Wealth Advisors LLC Purchases New Stake in Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM)

Pillar Wealth Advisors LLC acquired a new stake in shares of Capital Group Short Duration Municipal Income ETF (NYSEARCA:CGSM) during the 4th quarter, Holdings Channel reports. The fund acquired 21,535 shares of the company’s stock, valued at approximately $556,000.

Capital Group Short Duration Municipal Income ETF Stock Performance

Shares of NYSEARCA CGSM remained flat at $25.63 during midday trading on Tuesday. 17,754 shares of the stock traded hands, compared to its average volume of 32,368. The firm’s 50 day moving average is $25.74 and its 200 day moving average is $25.63. Capital Group Short Duration Municipal Income ETF has a 52-week low of $24.96 and a 52-week high of $25.93.

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.