Smith Moore & CO. Buys New Position in Capital Group Short Duration Income ETF $CGSD

Smith Moore & CO. bought a new stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,875 shares of the company’s stock, valued at approximately $594,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CGSD. Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 15.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,099,696 shares of the company’s stock worth $54,456,000 after acquiring an additional 275,655 shares during the period. Cetera Investment Advisers increased its stake in shares of Capital Group Short Duration Income ETF by 21.2% during the second quarter. Cetera Investment Advisers now owns 1,839,269 shares of the company’s stock valued at $47,701,000 after acquiring an additional 321,670 shares during the period. Merit Financial Group LLC raised its holdings in Capital Group Short Duration Income ETF by 8,823.7% during the third quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after purchasing an additional 1,802,416 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Capital Group Short Duration Income ETF by 22.3% during the third 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, Osaic Holdings Inc. lifted its position in Capital Group Short Duration Income ETF by 20.1% in the second quarter. Osaic Holdings Inc. now owns 1,106,573 shares of the company’s stock worth $28,695,000 after purchasing an additional 184,958 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $25.98 on Friday. The business has a 50 day moving average price of $26.05 and a two-hundred day moving average price of $26.04. Capital Group Short Duration Income ETF has a 1-year low of $25.62 and a 1-year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

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.