Capital Group Short Duration Income ETF $CGSD Stock: KOM Wealth Management Group LLC Raises Position

KOM Wealth Management Group LLC raised its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 1,086.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 857,540 shares of the company’s stock after purchasing an additional 785,235 shares during the period. Capital Group Short Duration Income ETF comprises 10.9% of KOM Wealth Management Group LLC’s holdings, making the stock its 2nd largest position. KOM Wealth Management Group LLC owned about 0.78% of Capital Group Short Duration Income ETF worth $21,653,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CGSD. Wealth Science Advisors LLC raised its stake in shares of Capital Group Short Duration Income ETF by 90.2% during the 3rd quarter. Wealth Science Advisors LLC now owns 670,075 shares of the company’s stock worth $16,919,000 after buying an additional 317,805 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Capital Group Short Duration Income ETF by 14.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,195,984 shares of the company’s stock valued at $56,503,000 after buying an additional 275,849 shares in the last quarter. Conservest Capital Advisors Inc. lifted its position in shares of Capital Group Short Duration Income ETF by 309.4% during the 1st quarter. Conservest Capital Advisors Inc. now owns 343,833 shares of the company’s stock valued at $8,867,000 after buying an additional 259,855 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Capital Group Short Duration Income ETF by 18.3% during the 1st quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock valued at $39,468,000 after buying an additional 236,256 shares in the last quarter. Finally, AdvisorNet Financial Inc grew its stake in Capital Group Short Duration Income ETF by 4,858.4% in the 3rd quarter. AdvisorNet Financial Inc now owns 177,609 shares of the company’s stock valued at $4,501,000 after acquiring an additional 174,027 shares during the period.

Capital Group Short Duration Income ETF Price Performance

Capital Group Short Duration Income ETF stock opened at $25.38 on Friday. The company’s fifty day moving average price is $25.53 and its 200 day moving average price is $25.70. Capital Group Short Duration Income ETF has a 1 year low of $25.22 and a 1 year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.0917 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. This represents a $1.10 annualized dividend and a yield of 4.3%.

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.