Capital Group Short Duration Income ETF $CGSD Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC raised its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 35.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 307,153 shares of the company’s stock after acquiring an additional 79,551 shares during the quarter. Kestra Advisory Services LLC’s holdings in Capital Group Short Duration Income ETF were worth $7,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Commonwealth Equity Services LLC purchased a new position in Capital Group Short Duration Income ETF in the 3rd quarter valued at about $59,835,000. Integras Partners LLC lifted its holdings in Capital Group Short Duration Income ETF by 3.7% in the 3rd quarter. Integras Partners LLC now owns 151,491 shares of the company’s stock valued at $3,825,000 after purchasing an additional 5,467 shares in the last quarter. Signature Equity Partners LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 341.2% during the third quarter. Signature Equity Partners LLC now owns 2,422 shares of the company’s stock worth $61,000 after buying an additional 1,873 shares in the last quarter. MGO One Seven LLC raised its position in shares of Capital Group Short Duration Income ETF by 1,941.9% in the third quarter. MGO One Seven LLC now owns 267,506 shares of the company’s stock valued at $6,755,000 after buying an additional 254,405 shares during the last quarter. Finally, Charter Capital Management LLC DE lifted its stake in shares of Capital Group Short Duration Income ETF by 22.0% in the third quarter. Charter Capital Management LLC DE now owns 13,245 shares of the company’s stock worth $334,000 after buying an additional 2,387 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $25.39 on Wednesday. The firm’s 50-day moving average price is $25.43 and its 200 day moving average price is $25.74. Capital Group Short Duration Income ETF has a twelve month low of $25.22 and a twelve month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were issued a $0.0976 dividend. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917. This represents a $1.17 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, October 30th.

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.