Petredis Investment Advisors LLC Purchases 36,616 Shares of Capital Group Short Duration Income ETF $CGSD

Petredis Investment Advisors LLC raised its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,731 shares of the company’s stock after acquiring an additional 36,616 shares during the period. Petredis Investment Advisors LLC’s holdings in Capital Group Short Duration Income ETF were worth $5,455,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CGSD. DeDora Capital Inc. grew its holdings in shares of Capital Group Short Duration Income ETF by 0.5% during the 3rd quarter. DeDora Capital Inc. now owns 78,571 shares of the company’s stock worth $2,041,000 after purchasing an additional 408 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of Capital Group Short Duration Income ETF by 3.8% in the third quarter. Nations Financial Group Inc. IA ADV now owns 13,698 shares of the company’s stock valued at $356,000 after purchasing an additional 504 shares in the last quarter. Ausdal Financial Partners Inc. lifted its position in Capital Group Short Duration Income ETF by 4.1% in the third quarter. Ausdal Financial Partners Inc. now owns 17,402 shares of the company’s stock worth $452,000 after purchasing an additional 683 shares during the period. IFP Advisors Inc lifted its position in Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in Capital Group Short Duration Income ETF by 7.2% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 13,844 shares of the company’s stock worth $360,000 after buying an additional 934 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.79 on Friday. The company’s fifty day moving average price is $26.01 and its two-hundred day moving average price is $26.03. Capital Group Short Duration Income ETF has a 52-week low of $25.62 and a 52-week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

Capital Group Short Duration Income ETF 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.