New England Capital Financial Advisors LLC Lowers Stake in Capital Group Short Duration Income ETF $CGSD

New England Capital Financial Advisors LLC reduced its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 71.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,129 shares of the company’s stock after selling 184,772 shares during the quarter. Capital Group Short Duration Income ETF makes up about 0.5% of New England Capital Financial Advisors LLC’s investment portfolio, making the stock its 18th largest holding. New England Capital Financial Advisors LLC owned approximately 0.09% of Capital Group Short Duration Income ETF worth $1,912,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the 4th quarter valued at $28,000. Birchwood Financial Partners Inc. bought a new position in Capital Group Short Duration Income ETF in the 4th quarter worth $32,000. Central Pacific Bank Trust Division purchased a new stake in Capital Group Short Duration Income ETF in the 4th quarter worth $36,000. Sound Income Strategies LLC purchased a new stake in Capital Group Short Duration Income ETF in the 1st quarter worth $39,000. Finally, MAI Capital Management bought a new stake in Capital Group Short Duration Income ETF during the third quarter valued at about $40,000.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD opened at $25.74 on Friday. Capital Group Short Duration Income ETF has a twelve month low of $25.70 and a twelve month high of $26.15. The business has a 50-day moving average price of $25.79 and a 200-day moving average price of $25.92.

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.