Conservest Capital Advisors Inc. Purchases 259,855 Shares of Capital Group Short Duration Income ETF $CGSD

Conservest Capital Advisors Inc. increased its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 309.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,833 shares of the company’s stock after acquiring an additional 259,855 shares during the quarter. Capital Group Short Duration Income ETF comprises about 0.8% of Conservest Capital Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Conservest Capital Advisors Inc.’s holdings in Capital Group Short Duration Income ETF were worth $8,867,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Uptick Partners LLC acquired a new stake in Capital Group Short Duration Income ETF in the first quarter worth about $2,260,000. Diversify Wealth Management LLC acquired a new position in Capital Group Short Duration Income ETF during the 1st quarter valued at about $324,000. Valmark Advisers Inc. boosted its stake in shares of Capital Group Short Duration Income ETF by 48.3% in the 1st quarter. Valmark Advisers Inc. now owns 488,831 shares of the company’s stock valued at $12,607,000 after purchasing an additional 159,160 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at about $410,000. Finally, Kestra Advisory Services LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 196.6% in the 1st quarter. Kestra Advisory Services LLC now owns 215,737 shares of the company’s stock valued at $5,564,000 after purchasing an additional 143,012 shares during the last quarter.

Capital Group Short Duration Income ETF Trading Up 0.1%

Shares of NYSEARCA:CGSD opened at $25.70 on Wednesday. The company has a 50 day moving average of $25.77 and a 200-day moving average of $25.90. Capital Group Short Duration Income ETF has a one year low of $25.67 and a one year high of $26.15.

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.