J. Derek Lewis & Associates Inc. Acquires New Holdings in Capital Group Short Duration Income ETF $CGSD

J. Derek Lewis & Associates Inc. acquired a new position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the fourth quarter, Holdings Channel reports. The fund acquired 19,864 shares of the company’s stock, valued at approximately $517,000.

A number of other hedge funds also recently bought and sold shares of CGSD. Wood Tarver Financial Group LLC grew its stake in Capital Group Short Duration Income ETF by 569.7% in the fourth quarter. Wood Tarver Financial Group LLC now owns 1,376,244 shares of the company’s stock valued at $35,796,000 after purchasing an additional 1,170,734 shares during the last quarter. LPL Financial LLC raised 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 in the last quarter. Wells Fargo & Company MN lifted its position in shares of Capital Group Short Duration Income ETF by 55.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,731,920 shares of the company’s stock valued at $45,047,000 after buying an additional 615,309 shares during the last quarter. RFP Financial Group LLC lifted its position in shares of Capital Group Short Duration Income ETF by 1,814.3% during the third quarter. RFP Financial Group LLC now owns 488,998 shares of the company’s stock valued at $12,683,000 after buying an additional 463,454 shares during the last quarter. Finally, Thayer Financial L.L.C. bought a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter valued at about $10,735,000.

Capital Group Short Duration Income ETF Price Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.75 on Friday. The firm’s 50 day moving average price is $25.82 and its 200-day moving average price is $25.94. Capital Group Short Duration Income ETF has a 52-week low of $25.70 and a 52-week high of $26.15.

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.