Independent Financial Group LLC Invests $824,000 in Capital Group Short Duration Income ETF $CGSD

Independent Financial Group LLC acquired a new stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 31,931 shares of the company’s stock, valued at approximately $824,000.

A number of other institutional investors also recently modified their holdings of the stock. LPL Financial LLC grew its holdings in Capital Group Short Duration Income ETF by 22.5% in the fourth quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock worth $162,191,000 after purchasing an additional 1,145,248 shares during the period. Morgan Stanley raised its holdings in shares of 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 valued at $154,629,000 after purchasing an additional 396,507 shares during the period. Capital Group Private Client Services Inc. raised 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 valued at $61,043,000 after purchasing an additional 15,569 shares during the period. Cetera Investment Advisers raised its holdings in shares of Capital Group Short Duration Income ETF by 12.0% during the fourth quarter. Cetera Investment Advisers now owns 2,329,829 shares of the company’s stock valued at $60,599,000 after purchasing an additional 249,622 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in shares of Capital Group Short Duration Income ETF by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock worth $55,787,000 after purchasing an additional 123,381 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD opened at $25.72 on Wednesday. The stock has a 50-day moving average of $25.76 and a 200-day moving average of $25.89. Capital Group Short Duration Income ETF has a one year low of $25.67 and a one year high of $26.15.

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.