GPS Wealth Strategies Group LLC Takes $501,000 Position in Capital Group Short Duration Income ETF $CGSD

GPS Wealth Strategies Group LLC bought a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 19,266 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. raised its holdings in shares of Capital Group Short Duration Income ETF by 27.2% during the third quarter. Benjamin Edwards Inc. now owns 184,816 shares of the company’s stock valued at $4,801,000 after acquiring an additional 39,561 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Short Duration Income ETF by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,035,466 shares of the company’s stock worth $26,855,000 after purchasing an additional 182,154 shares in the last quarter. Freestate Advisors LLC increased its position in shares of Capital Group Short Duration Income ETF by 79.9% during the third quarter. Freestate Advisors LLC now owns 51,922 shares of the company’s stock worth $1,349,000 after purchasing an additional 23,068 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Capital Group Short Duration Income ETF by 14.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 22,826 shares of the company’s stock valued at $592,000 after purchasing an additional 2,882 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new position in Capital Group Short Duration Income ETF in the 2nd quarter valued at $214,000.

Capital Group Short Duration Income ETF Stock Up 0.1%

Shares of CGSD opened at $26.10 on Friday. Capital Group Short Duration Income ETF has a 52-week low of $25.62 and a 52-week high of $26.14. The firm’s fifty day moving average is $26.04 and its two-hundred day moving average is $26.02.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1208 per share. The ex-dividend date was Wednesday, December 24th. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 5.6%.

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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.