Capital Group Short Duration Income ETF $CGSD Stock: Lodestone Wealth Management LLC Grows Holdings

Lodestone Wealth Management LLC increased its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 9.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 359,008 shares of the company’s stock after buying an additional 29,742 shares during the period. Capital Group Short Duration Income ETF accounts for about 3.1% of Lodestone Wealth Management LLC’s holdings, making the stock its 3rd largest holding. Lodestone Wealth Management LLC’s holdings in Capital Group Short Duration Income ETF were worth $9,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Science Advisors LLC grew its position in Capital Group Short Duration Income ETF by 90.2% during the third quarter. Wealth Science Advisors LLC now owns 670,075 shares of the company’s stock valued at $16,919,000 after acquiring an additional 317,805 shares during the period. Envestnet Asset Management Inc. increased its stake in Capital Group Short Duration Income ETF by 14.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,195,984 shares of the company’s stock worth $56,503,000 after acquiring an additional 275,849 shares during the last quarter. Conservest Capital Advisors Inc. increased its stake in Capital Group Short Duration Income ETF by 309.4% during the first quarter. Conservest Capital Advisors Inc. now owns 343,833 shares of the company’s stock worth $8,867,000 after acquiring an additional 259,855 shares during the last quarter. Royal Bank of Canada increased its stake in Capital Group Short Duration Income ETF by 18.3% during the first quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock worth $39,468,000 after acquiring an additional 236,256 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of Capital Group Short Duration Income ETF by 14.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,373,223 shares of the company’s stock worth $35,333,000 after purchasing an additional 169,879 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock traded down $0.01 during trading hours on Wednesday, reaching $25.34. The stock had a trading volume of 294,083 shares, compared to its average volume of 544,908. Capital Group Short Duration Income ETF has a 1 year low of $25.22 and a 1 year high of $26.15. The firm has a 50 day simple moving average of $25.54 and a two-hundred day simple moving average of $25.70.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.0917 per share. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.10 dividend on an annualized basis and a yield of 4.3%.

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.