NewEdge Advisors LLC Acquires 94,704 Shares of Capital Group Short Duration Income ETF $CGSD

NewEdge Advisors LLC increased its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.5% during the second quarter, Holdings Channel reports. The fund owned 535,206 shares of the company’s stock after acquiring an additional 94,704 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Short Duration Income ETF were worth $13,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CGSD. LPL Financial LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock worth $162,191,000 after buying an additional 1,145,248 shares during the last quarter. Morgan Stanley lifted its position in Capital Group Short Duration Income ETF by 7.1% during the fourth quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock worth $154,629,000 after acquiring an additional 396,507 shares during the last quarter. Cetera Investment Advisers lifted its position in Capital Group Short Duration Income ETF by 6.8% during the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock worth $64,144,000 after acquiring an additional 157,326 shares during the last quarter. Capital Group Private Client Services Inc. boosted its holdings in shares of Capital Group Short Duration Income ETF by 0.7% during the fourth quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock worth $61,043,000 after acquiring an additional 15,569 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Capital Group Short Duration Income ETF by 6.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock worth $55,787,000 after acquiring an additional 123,381 shares during the period.

Capital Group Short Duration Income ETF Trading Down 0.1%

Shares of NYSEARCA CGSD opened at $25.50 on Friday. The business’s 50 day moving average is $25.69 and its 200-day moving average is $25.79. Capital Group Short Duration Income ETF has a 1-year low of $25.48 and a 1-year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 3rd. Shareholders of record on Friday, July 31st were given a dividend of $0.1116 per share. This represents a c) annualized dividend and a yield of 5.3%. The ex-dividend date was Friday, July 31st. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09.

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.