Northwestern Mutual Wealth Management Co. Has $4.68 Million Stock Holdings in Capital Group Short Duration Income ETF $CGSD

Northwestern Mutual Wealth Management Co. trimmed its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 35.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,002 shares of the company’s stock after selling 97,105 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Short Duration Income ETF were worth $4,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CGSD. RFP Financial Group LLC raised its holdings in shares of Capital Group Short Duration Income ETF by 1,814.3% in the 3rd quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock valued at $12,683,000 after purchasing an additional 463,454 shares during the period. Thayer Financial L.L.C. bought a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter valued at about $10,735,000. Susquehanna International Group LLP bought a new stake in shares of Capital Group Short Duration Income ETF in the 3rd quarter valued at about $10,536,000. Landaas & Co. WI ADV raised its holdings in shares of Capital Group Short Duration Income ETF by 118.3% in the 4th quarter. Landaas & Co. WI ADV now owns 541,876 shares of the company’s stock valued at $14,094,000 after purchasing an additional 293,652 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in shares of Capital Group Short Duration Income ETF by 45.0% in the 2nd quarter. Raymond James Financial Inc. now owns 939,933 shares of the company’s stock valued at $24,377,000 after purchasing an additional 291,618 shares during the period.

Capital Group Short Duration Income ETF Stock Down 0.0%

Shares of CGSD stock opened at $25.78 on Friday. The firm’s 50-day moving average is $25.85 and its 200-day moving average is $25.97. Capital Group Short Duration Income ETF has a 52-week low of $25.72 and a 52-week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

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.