Capital Group Short Duration Income ETF $CGSD Stock: Ashton Thomas Private Wealth LLC Raises Position

Ashton Thomas Private Wealth LLC grew its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 57.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,635 shares of the company’s stock after purchasing an additional 24,797 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Capital Group Short Duration Income ETF were worth $1,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cetera Investment Advisers lifted its holdings in Capital Group Short Duration Income ETF by 6.8% in the 1st quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock worth $64,144,000 after purchasing an additional 157,326 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in Capital Group Short Duration Income ETF during the third quarter valued at approximately $59,835,000. Envestnet Asset Management Inc. grew its holdings 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 valued at $56,503,000 after purchasing an additional 275,849 shares during the last quarter. Royal Bank of Canada raised its position in shares of Capital Group Short Duration Income ETF by 18.3% in the first quarter. Royal Bank of Canada now owns 1,530,347 shares of the company’s stock valued at $39,468,000 after purchasing an additional 236,256 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Capital Group Short Duration Income ETF by 14.1% in the second quarter. Baird Financial Group Inc. now owns 1,373,223 shares of the company’s stock valued at $35,333,000 after purchasing an additional 169,879 shares during the period.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD opened at $25.49 on Tuesday. The company has a fifty day simple moving average of $25.43 and a 200 day simple moving average of $25.74. Capital Group Short Duration Income ETF has a 1 year low of $25.22 and a 1 year high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were paid a dividend of $0.0976 per share. This represents a $1.17 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, October 30th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917.

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.