Gateway Wealth Partners LLC Raises Position in Capital Group Short Duration Income ETF $CGSD

Gateway Wealth Partners LLC raised its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 150.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 33,471 shares of the company’s stock after acquiring an additional 20,088 shares during the period. Gateway Wealth Partners LLC’s holdings in Capital Group Short Duration Income ETF were worth $863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CGSD. Geneos Wealth Management Inc. raised its holdings in shares of Capital Group Short Duration Income ETF by 5.2% in the 4th quarter. Geneos Wealth Management Inc. now owns 8,092 shares of the company’s stock valued at $210,000 after acquiring an additional 397 shares in the last quarter. Ausdal Financial Partners Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 4.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 17,402 shares of the company’s stock valued at $452,000 after acquiring an additional 683 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 0.7% during the fourth quarter. International Assets Investment Management LLC now owns 126,908 shares of the company’s stock worth $3,301,000 after purchasing an additional 836 shares in the last quarter. Pines Wealth Management LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 3.0% during the fourth quarter. Pines Wealth Management LLC now owns 31,040 shares of the company’s stock worth $807,000 after purchasing an additional 896 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Capital Group Short Duration Income ETF by 102.4% in the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

CGSD stock opened at $25.73 on Thursday. The company’s 50 day moving average is $25.75 and its 200 day moving average is $25.88. Capital Group Short Duration Income ETF has a 1-year low of $25.65 and a 1-year high of $26.15.

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.