Beta Wealth Group Inc. Sells 5,317 Shares of Capital Group Short Duration Income ETF $CGSD

Beta Wealth Group Inc. cut its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 493,239 shares of the company’s stock after selling 5,317 shares during the quarter. Capital Group Short Duration Income ETF accounts for 4.7% of Beta Wealth Group Inc.’s holdings, making the stock its 4th largest position. Beta Wealth Group Inc.’s holdings in Capital Group Short Duration Income ETF were worth $12,792,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. grew its position in Capital Group Short Duration Income ETF by 30.5% during the first quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock worth $69,000 after buying an additional 627 shares in the last quarter. Private Advisor Group LLC raised its holdings in Capital Group Short Duration Income ETF by 62.8% in the 1st quarter. Private Advisor Group LLC now owns 339,276 shares of the company’s stock valued at $8,757,000 after acquiring an additional 130,932 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Capital Group Short Duration Income ETF by 37.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 304,897 shares of the company’s stock valued at $7,869,000 after acquiring an additional 83,325 shares during the period. WNY Asset Management LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 4.1% during the 1st quarter. WNY Asset Management LLC now owns 901,933 shares of the company’s stock worth $23,279,000 after purchasing an additional 35,324 shares in the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 0.8% during the 1st quarter. New England Capital Financial Advisors LLC now owns 242,969 shares of the company’s stock worth $6,271,000 after purchasing an additional 1,833 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Down 0.0%

CGSD stock opened at $25.98 on Friday. The business has a 50-day simple moving average of $26.04 and a 200 day simple moving average of $25.95. Capital Group Short Duration Income ETF has a 52 week low of $25.55 and a 52 week high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, November 3rd. Stockholders of record on Friday, October 31st were given a $0.1087 dividend. This represents a c) annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Friday, October 31st. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09.

About Capital Group Short Duration Income ETF

The Capital Group Short Duration Income ETF (CGSD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that invests in a broad portfolio of investment grade bonds, debts, and money market instruments. The average portfolio duration is expected to be less than two years.