Landaas & Co. WI ADV Takes Position in Capital Group Short Duration Income ETF $CGSD

Landaas & Co. WI ADV acquired a new stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 248,224 shares of the company’s stock, valued at approximately $6,449,000. Capital Group Short Duration Income ETF makes up about 1.5% of Landaas & Co. WI ADV’s investment portfolio, making the stock its 11th largest position. Landaas & Co. WI ADV owned 0.38% of Capital Group Short Duration Income ETF as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CGSD. Bank of America Corp DE bought a new stake in Capital Group Short Duration Income ETF during the 2nd quarter valued at $49,000. Private Trust Co. NA grew its stake in Capital Group Short Duration Income ETF by 173.8% in the second quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock valued at $71,000 after purchasing an additional 1,738 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in Capital Group Short Duration Income ETF by 51.3% in the second quarter. Cullen Frost Bankers Inc. now owns 4,056 shares of the company’s stock valued at $105,000 after purchasing an additional 1,376 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Capital Group Short Duration Income ETF in the first quarter worth about $207,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Capital Group Short Duration Income ETF during the second quarter valued at about $209,000.

Capital Group Short Duration Income ETF Stock Down 0.3%

NYSEARCA CGSD opened at $26.02 on Friday. The firm’s fifty day simple moving average is $26.04 and its two-hundred day simple moving average is $26.02. Capital Group Short Duration Income ETF has a 12-month low of $25.62 and a 12-month high of $26.14.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, February 2nd. Investors of record on Friday, January 30th will be given a $0.0736 dividend. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, January 30th.

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.