Merit Financial Group LLC Invests $26.97 Million in Capital Group Ultra Short Income ETF $CGUI

Merit Financial Group LLC acquired a new position in shares of Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,066,035 shares of the company’s stock, valued at approximately $26,965,000. Merit Financial Group LLC owned 26.65% of Capital Group Ultra Short Income ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its holdings in Capital Group Ultra Short Income ETF by 267.5% during the 1st quarter. Jane Street Group LLC now owns 56,676 shares of the company’s stock worth $1,428,000 after purchasing an additional 41,254 shares in the last quarter. Brookstone Capital Management boosted its position in shares of Capital Group Ultra Short Income ETF by 28.5% during the second quarter. Brookstone Capital Management now owns 74,414 shares of the company’s stock worth $1,877,000 after buying an additional 16,511 shares during the period. Envestnet Asset Management Inc. acquired a new position in shares of Capital Group Ultra Short Income ETF during the second quarter worth about $938,000. Creekmur Asset Management LLC bought a new position in shares of Capital Group Ultra Short Income ETF during the second quarter worth about $19,486,000. Finally, Integrity Alliance LLC. acquired a new stake in Capital Group Ultra Short Income ETF in the 2nd quarter valued at approximately $610,000.

Capital Group Ultra Short Income ETF Price Performance

Shares of CGUI opened at $25.31 on Wednesday. Capital Group Ultra Short Income ETF has a twelve month low of $25.11 and a twelve month high of $25.41. The company has a 50 day moving average of $25.33 and a 200-day moving average of $25.31.

Capital Group Ultra Short Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.1042 dividend. This represents a c) dividend on an annualized basis and a yield of 4.9%. This is an increase from Capital Group Ultra Short Income ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 24th.

Capital Group Ultra Short Income ETF Profile

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.