Valmark Advisers Inc. Increases Stock Holdings in Capital Group Short Duration Income ETF $CGSD

Valmark Advisers Inc. grew its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 48.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 488,831 shares of the company’s stock after purchasing an additional 159,160 shares during the quarter. Valmark Advisers Inc.’s holdings in Capital Group Short Duration Income ETF were worth $12,607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC acquired a new stake in shares of Capital Group Short Duration Income ETF during the fourth quarter worth about $28,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter worth $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter worth $36,000. Sound Income Strategies LLC purchased a new position in shares of Capital Group Short Duration Income ETF during the first quarter worth $39,000. Finally, IFP Advisors Inc raised its holdings in shares of Capital Group Short Duration Income ETF by 102.4% during 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 Trading Down 0.0%

NYSEARCA CGSD traded down $0.01 on Friday, reaching $25.72. 280,244 shares of the company’s stock traded hands, compared to its average volume of 473,766. Capital Group Short Duration Income ETF has a fifty-two week low of $25.69 and a fifty-two week high of $26.15. The stock has a 50 day moving average price of $25.77 and a 200-day moving average price of $25.91.

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.