Lodestone Wealth Management LLC Increases Stake in Capital Group Short Duration Income ETF $CGSD

Lodestone Wealth Management LLC increased its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 235,176 shares of the company’s stock after acquiring an additional 50,146 shares during the quarter. Capital Group Short Duration Income ETF comprises about 2.5% of Lodestone Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Lodestone Wealth Management LLC owned 0.32% of Capital Group Short Duration Income ETF worth $6,117,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Saxony Capital Management LLC increased its holdings in Capital Group Short Duration Income ETF by 34.4% during the 4th quarter. Saxony Capital Management LLC now owns 135,869 shares of the company’s stock worth $3,534,000 after acquiring an additional 34,799 shares during the period. CLG LLC grew its position in shares of Capital Group Short Duration Income ETF by 11.4% during the 4th quarter. CLG LLC now owns 91,026 shares of the company’s stock valued at $2,368,000 after purchasing an additional 9,303 shares in the last quarter. Petredis Investment Advisors LLC increased its holdings in shares of Capital Group Short Duration Income ETF by 21.2% in the fourth quarter. Petredis Investment Advisors LLC now owns 209,731 shares of the company’s stock worth $5,455,000 after purchasing an additional 36,616 shares during the period. Wealthcare Advisory Partners LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter worth $386,000. Finally, Freestate Advisors LLC raised its position in shares of Capital Group Short Duration Income ETF by 15.2% in the fourth quarter. Freestate Advisors LLC now owns 59,829 shares of the company’s stock worth $1,556,000 after buying an additional 7,907 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA:CGSD opened at $25.79 on Wednesday. Capital Group Short Duration Income ETF has a 52-week low of $25.62 and a 52-week high of $26.15. The stock has a fifty day moving average of $26.00 and a 200 day moving average of $26.02.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.