Capital Group Short Duration Income ETF Announces Monthly Dividend of $0.07 (NYSEARCA:CGSD)

Capital Group Short Duration Income ETF (NYSEARCA:CGSD) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.0736 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, January 30th.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD traded down $0.08 during midday trading on Friday, reaching $26.03. 134,376 shares of the stock were exchanged, compared to its average volume of 539,696. Capital Group Short Duration Income ETF has a 52 week low of $25.62 and a 52 week high of $26.14. The company’s 50 day moving average is $26.04 and its two-hundred day moving average is $26.02.

Institutional Investors Weigh In On Capital Group Short Duration Income ETF

Hedge funds have recently modified their holdings of the business. Boyer Financial Services Inc. purchased a new position in Capital Group Short Duration Income ETF during the fourth quarter valued at approximately $742,000. Kestra Private Wealth Services LLC raised its holdings in Capital Group Short Duration Income ETF by 8.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 571,804 shares of the company’s stock worth $14,873,000 after purchasing an additional 45,253 shares in the last quarter. UBS Group AG lifted its position in shares of Capital Group Short Duration Income ETF by 9.5% during the fourth quarter. UBS Group AG now owns 1,281,578 shares of the company’s stock valued at $33,334,000 after buying an additional 110,713 shares during the last quarter. Kercheville Advisors LLC purchased a new position in shares of Capital Group Short Duration Income ETF in the 4th quarter worth approximately $227,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Capital Group Short Duration Income ETF by 5.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,092 shares of the company’s stock worth $210,000 after acquiring an additional 397 shares in the last quarter.

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.