LPL Financial LLC Boosts Stake in Capital Group Short Duration Income ETF $CGSD

LPL Financial LLC grew its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 22.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,235,706 shares of the company’s stock after acquiring an additional 1,145,248 shares during the period. LPL Financial LLC owned about 8.27% of Capital Group Short Duration Income ETF worth $162,191,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Capital Group Private Client Services Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 0.7% in the 4th quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock worth $61,043,000 after purchasing an additional 15,569 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Capital Group Short Duration Income ETF by 4.8% in the 4th quarter. Merit Financial Group LLC now owns 1,910,928 shares of the company’s stock worth $49,703,000 after purchasing an additional 88,085 shares in the last quarter. UBS Group AG boosted its position in shares of Capital Group Short Duration Income ETF by 9.5% in the 4th quarter. UBS Group AG now owns 1,281,578 shares of the company’s stock worth $33,334,000 after purchasing an additional 110,713 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 22.3% in 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 in the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 10.3% in the 3rd quarter. Raymond James Financial Inc. now owns 1,036,315 shares of the company’s stock worth $26,923,000 after purchasing an additional 96,382 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD opened at $25.74 on Thursday. The business’s 50 day moving average price is $25.83 and its 200-day moving average price is $25.95. Capital Group Short Duration Income ETF has a 52 week low of $25.70 and a 52 week high of $26.15.

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.