KOM Wealth Management Group LLC Purchases 785,235 Shares of Capital Group Short Duration Income ETF $CGSD

KOM Wealth Management Group LLC raised its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 1,086.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 857,540 shares of the company’s stock after acquiring an additional 785,235 shares during the quarter. Capital Group Short Duration Income ETF makes up about 10.9% of KOM Wealth Management Group LLC’s holdings, making the stock its 2nd largest holding. KOM Wealth Management Group LLC’s holdings in Capital Group Short Duration Income ETF were worth $21,653,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGSD. Cetera Investment Advisers lifted its position in shares of Capital Group Short Duration Income ETF by 6.8% in the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock valued at $64,144,000 after acquiring an additional 157,326 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Capital Group Short Duration Income ETF by 14.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,195,984 shares of the company’s stock valued at $56,503,000 after buying an additional 275,849 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Capital Group Short Duration Income ETF by 18.3% in the first quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock worth $39,468,000 after buying an additional 236,256 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of Capital Group Short Duration Income ETF by 14.1% in the second quarter. Baird Financial Group Inc. now owns 1,373,223 shares of the company’s stock worth $35,333,000 after buying an additional 169,879 shares in the last quarter. Finally, Wealth Science Advisors LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 90.2% in the third quarter. Wealth Science Advisors LLC now owns 670,075 shares of the company’s stock worth $16,919,000 after buying an additional 317,805 shares in the last quarter.

Capital Group Short Duration Income ETF Trading Up 0.2%

CGSD stock opened at $25.38 on Friday. The firm has a 50-day moving average of $25.53 and a two-hundred day moving average of $25.70. Capital Group Short Duration Income ETF has a 12 month low of $25.22 and a 12 month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0917 per share. The ex-dividend date was Tuesday, September 29th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. This represents a $1.10 dividend on an annualized basis and a yield of 4.3%.

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.