Riggs Capital Management LLC Invests $357,000 in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Riggs Capital Management LLC bought a new stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,909 shares of the company’s stock, valued at approximately $357,000. Riggs Capital Management LLC owned about 0.08% of Capital Group Short Duration Income ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CGSD. DAVENPORT & Co LLC boosted its position in Capital Group Short Duration Income ETF by 2.1% during the fourth quarter. DAVENPORT & Co LLC now owns 24,582 shares of the company’s stock valued at $630,000 after buying an additional 515 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in Capital Group Short Duration Income ETF by 3.9% during the 4th quarter. Ausdal Financial Partners Inc. now owns 14,757 shares of the company’s stock valued at $378,000 after acquiring an additional 560 shares during the period. Bleakley Financial Group LLC boosted its holdings in Capital Group Short Duration Income ETF by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 48,628 shares of the company’s stock valued at $1,247,000 after acquiring an additional 1,345 shares during the period. Rothschild Investment LLC grew its position in Capital Group Short Duration Income ETF by 0.9% during the 4th quarter. Rothschild Investment LLC now owns 164,930 shares of the company’s stock worth $4,229,000 after acquiring an additional 1,452 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Capital Group Short Duration Income ETF by 9.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,123 shares of the company’s stock valued at $413,000 after purchasing an additional 1,459 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Down 0.1 %

NYSEARCA:CGSD opened at $25.82 on Monday. Capital Group Short Duration Income ETF has a 12 month low of $25.21 and a 12 month high of $26.02. The company has a 50-day moving average price of $25.79 and a 200-day moving average price of $25.76.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 28th will be given a dividend of $0.0943 per share. This is an increase from Capital Group Short Duration Income ETF’s previous dividend of $0.08. The ex-dividend date of this dividend is Friday, March 28th.

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.