Capital Group Short Duration Income ETF (NYSEARCA:CGSD) to Issue Dividend Increase – $0.12 Per Share

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) announced a monthly dividend on Tuesday, December 23rd. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.1208 per share on Friday, December 26th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Wednesday, December 24th. This is a 47.1% increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08.

Capital Group Short Duration Income ETF Trading Down 0.5%

Shares of CGSD stock traded down $0.13 during trading on Wednesday, hitting $25.97. The company had a trading volume of 38,535 shares, compared to its average volume of 365,877. The stock’s 50-day moving average price is $26.04 and its 200 day moving average price is $25.99. Capital Group Short Duration Income ETF has a one year low of $25.55 and a one year high of $26.14.

Institutional Trading of Capital Group Short Duration Income ETF

Several large investors have recently modified their holdings of CGSD. MAI Capital Management bought a new position in shares of Capital Group Short Duration Income ETF in the third quarter worth $40,000. IFP Advisors Inc grew its stake in Capital Group Short Duration Income ETF by 102.4% during the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after buying an additional 900 shares in the last quarter. Bank of America Corp DE bought a new position in Capital Group Short Duration Income ETF in the 2nd quarter valued at about $49,000. Signature Resources Capital Management LLC raised its position in shares of Capital Group Short Duration Income ETF by 197.4% in the 2nd quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock valued at $59,000 after buying an additional 1,516 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Capital Group Short Duration Income ETF by 173.8% during the 2nd quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock worth $71,000 after acquiring an additional 1,738 shares during the period.

About Capital Group Short Duration Income ETF

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.