22,875 Shares in Capital Group Short Duration Income ETF $CGSD Acquired by Smith Moore & CO.

Smith Moore & CO. purchased a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,875 shares of the company’s stock, valued at approximately $594,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of Capital Group Short Duration Income ETF by 15.1% during the second quarter. Commonwealth Equity Services LLC now owns 2,099,696 shares of the company’s stock worth $54,456,000 after acquiring an additional 275,655 shares during the last quarter. Cetera Investment Advisers raised its position in Capital Group Short Duration Income ETF by 21.2% in the 2nd quarter. Cetera Investment Advisers now owns 1,839,269 shares of the company’s stock valued at $47,701,000 after purchasing an additional 321,670 shares during the last quarter. Merit Financial Group LLC raised its position in Capital Group Short Duration Income ETF by 8,823.7% in the 3rd quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock valued at $47,357,000 after purchasing an additional 1,802,416 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Capital Group Short Duration Income ETF by 22.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,266,820 shares of the company’s stock worth $32,912,000 after purchasing an additional 231,354 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in Capital Group Short Duration Income ETF by 20.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,106,573 shares of the company’s stock worth $28,695,000 after purchasing an additional 184,958 shares during the period.

Capital Group Short Duration Income ETF Price Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.98 on Friday. The company’s fifty day moving average is $26.05 and its two-hundred day moving average is $26.04. Capital Group Short Duration Income ETF has a 1 year low of $25.62 and a 1 year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, February 27th.

Capital Group Short Duration Income ETF Company Profile

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.