Merit Financial Group LLC Buys 1,802,416 Shares of Capital Group Short Duration Income ETF $CGSD

Merit Financial Group LLC lifted its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 8,823.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,822,843 shares of the company’s stock after buying an additional 1,802,416 shares during the quarter. Merit Financial Group LLC’s holdings in Capital Group Short Duration Income ETF were worth $47,357,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Comerica Bank increased its holdings in Capital Group Short Duration Income ETF by 762.0% in the 1st quarter. Comerica Bank now owns 6,663 shares of the company’s stock valued at $172,000 after acquiring an additional 5,890 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Capital Group Short Duration Income ETF by 5.5% in the first quarter. Royal Bank of Canada now owns 473,615 shares of the company’s stock worth $12,224,000 after purchasing an additional 24,505 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the first quarter worth about $207,000. NewEdge Advisors LLC lifted its position in shares of Capital Group Short Duration Income ETF by 49.5% in the first quarter. NewEdge Advisors LLC now owns 172,356 shares of the company’s stock worth $4,449,000 after buying an additional 57,104 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in Capital Group Short Duration Income ETF by 58.6% during the first quarter. Jane Street Group LLC now owns 128,815 shares of the company’s stock valued at $3,325,000 after buying an additional 47,590 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

NYSEARCA CGSD opened at $26.02 on Wednesday. Capital Group Short Duration Income ETF has a 1-year low of $25.58 and a 1-year high of $26.14. The business has a 50 day simple moving average of $26.03 and a two-hundred day simple moving average of $26.00.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.1208 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 24th.

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.