Kensington Asset Management LLC Acquires 72,990 Shares of Capital Group Ultra Short Income ETF $CGUI

Kensington Asset Management LLC raised its holdings in shares of Capital Group Ultra Short Income ETF (NYSEARCA:CGUI) by 65.2% in the 4th quarter, Holdings Channel reports. The firm owned 184,915 shares of the company’s stock after purchasing an additional 72,990 shares during the quarter. Kensington Asset Management LLC’s holdings in Capital Group Ultra Short Income ETF were worth $4,679,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CGUI. EverSource Wealth Advisors LLC bought a new stake in shares of Capital Group Ultra Short Income ETF during the third quarter worth $30,000. Farther Finance Advisors LLC bought a new stake in shares of Capital Group Ultra Short Income ETF during the fourth quarter worth $63,000. Jones Financial Companies Lllp bought a new stake in shares of Capital Group Ultra Short Income ETF during the third quarter worth $100,000. JPMorgan Chase & Co. bought a new stake in shares of Capital Group Ultra Short Income ETF during the second quarter worth $136,000. Finally, Spire Wealth Management purchased a new position in shares of Capital Group Ultra Short Income ETF during the fourth quarter valued at $200,000.

Capital Group Ultra Short Income ETF Stock Performance

CGUI stock opened at $25.33 on Friday. The business has a 50-day moving average price of $25.33 and a 200 day moving average price of $25.34. Capital Group Ultra Short Income ETF has a 1-year low of $25.20 and a 1-year high of $25.41.

Capital Group Ultra Short Income ETF Company Profile

The Capital Group Ultra Short Income ETF (CGUI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund of USD-denominated, income-producing debt securities with investment grade ratings and ultra-short term duration. It seeks current income and capital preservation while aiming to maintain a dollar-weighted average maturity of two years or less. CGUI was launched on Jun 25, 2024 and is issued by Capital Group.