Souders Financial Advisors Buys 36,227 Shares of Capital Group Short Duration Income ETF $CGSD

Souders Financial Advisors increased its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,745 shares of the company’s stock after purchasing an additional 36,227 shares during the period. Capital Group Short Duration Income ETF makes up approximately 1.3% of Souders Financial Advisors’ holdings, making the stock its 22nd biggest position. Souders Financial Advisors owned 0.67% of Capital Group Short Duration Income ETF worth $11,295,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its holdings in Capital Group Short Duration Income ETF by 15.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,099,696 shares of the company’s stock worth $54,456,000 after buying an additional 275,655 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group Short Duration Income ETF by 21.2% in the second quarter. Cetera Investment Advisers now owns 1,839,269 shares of the company’s stock worth $47,701,000 after buying an additional 321,670 shares during the period. Merit Financial Group LLC raised its stake in Capital Group Short Duration Income ETF by 8,823.7% during the 3rd quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after acquiring an additional 1,802,416 shares during the period. Osaic Holdings Inc. raised its position in shares of Capital Group Short Duration Income ETF by 20.1% during the 2nd quarter. Osaic Holdings Inc. now owns 1,106,573 shares of the company’s stock valued at $28,695,000 after purchasing an additional 184,958 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in Capital Group Short Duration Income ETF by 21.3% during the second quarter. Envestnet Asset Management Inc. now owns 1,035,466 shares of the company’s stock valued at $26,855,000 after acquiring an additional 182,154 shares during the period.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD opened at $26.02 on Friday. Capital Group Short Duration Income ETF has a 12 month low of $25.62 and a 12 month high of $26.14. The stock’s 50 day moving average is $26.04 and its 200 day moving average is $26.02.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.0736 dividend. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, January 30th.

Capital Group Short Duration Income ETF Company 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.