Petredis Investment Advisors LLC Has $5.46 Million Stake in Capital Group Short Duration Income ETF $CGSD

Petredis Investment Advisors LLC lifted its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 209,731 shares of the company’s stock after acquiring an additional 36,616 shares during the period. Petredis Investment Advisors LLC owned 0.29% of Capital Group Short Duration Income ETF worth $5,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital Group Private Client Services Inc. grew its holdings in Capital Group Short Duration Income ETF by 3.8% during the third quarter. Capital Group Private Client Services Inc. now owns 2,331,339 shares of the company’s stock valued at $60,568,000 after purchasing an additional 86,412 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 8,823.7% in the third quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after buying an additional 1,802,416 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Capital Group Short Duration Income ETF by 22.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,266,820 shares of the company’s stock worth $32,912,000 after buying an additional 231,354 shares during the last quarter. UBS Group AG boosted its holdings in shares of Capital Group Short Duration Income ETF by 32.8% during the 3rd quarter. UBS Group AG now owns 1,170,865 shares of the company’s stock worth $30,419,000 after buying an additional 289,270 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in shares of Capital Group Short Duration Income ETF by 20.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,106,573 shares of the company’s stock worth $28,695,000 after buying an additional 184,958 shares during the period.

Capital Group Short Duration Income ETF Trading Up 0.1%

NYSEARCA:CGSD opened at $25.79 on Friday. Capital Group Short Duration Income ETF has a 1 year low of $25.62 and a 1 year high of $26.15. The firm’s fifty day simple moving average is $26.01 and its 200 day simple moving average is $26.03.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. This represents a c) dividend on an annualized basis and a 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 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.