Royal Bank of Canada raised its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 18.3% in the first quarter, HoldingsChannel.com reports. The firm owned 1,530,347 shares of the company’s stock after purchasing an additional 236,256 shares during the quarter. Royal Bank of Canada’s holdings in Capital Group Short Duration Income ETF were worth $39,468,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the 4th quarter worth approximately $28,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC acquired a new stake in shares of Capital Group Short Duration Income ETF in the first quarter valued at approximately $39,000. IFP Advisors Inc boosted its stake in shares of Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after buying an additional 900 shares during the period. Finally, Bank of America Corp DE bought a new stake in shares of Capital Group Short Duration Income ETF in the second quarter valued at approximately $49,000.
Capital Group Short Duration Income ETF Price Performance
Shares of NYSEARCA:CGSD opened at $25.65 on Tuesday. The business’s 50 day simple moving average is $25.74 and its 200 day simple moving average is $25.87. Capital Group Short Duration Income ETF has a 1 year low of $25.61 and a 1 year high of $26.15.
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.
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Want to see what other hedge funds are holding CGSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report).
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