Capital Group Short Duration Income ETF $CGSD Shares Sold by Landaas & Co. WI ADV

Landaas & Co. WI ADV lowered its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 10.5% in the third quarter, HoldingsChannel reports. The firm owned 537,645 shares of the company’s stock after selling 63,295 shares during the period. Capital Group Short Duration Income ETF makes up approximately 2.2% of Landaas & Co. WI ADV’s investment portfolio, making the stock its 8th biggest holding. Landaas & Co. WI ADV’s holdings in Capital Group Short Duration Income ETF were worth $13,576,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Capital Group Short Duration Income ETF during the 2nd quarter valued at about $27,000. North Star Investment Management Corp. bought a new stake in Capital Group Short Duration Income ETF during the third quarter worth about $35,000. Sound Income Strategies LLC bought a new stake in Capital Group Short Duration Income ETF during the first quarter worth about $39,000. Farther Finance Advisors LLC grew its stake in Capital Group Short Duration Income ETF by 1,078.9% during the third quarter. Farther Finance Advisors LLC now owns 7,168 shares of the company’s stock worth $181,000 after buying an additional 6,560 shares during the last quarter. Finally, Cvfg LLC acquired a new stake in shares of Capital Group Short Duration Income ETF during the first quarter worth approximately $208,000.

Capital Group Short Duration Income ETF Stock Down 0.0%

NYSEARCA CGSD opened at $25.41 on Tuesday. Capital Group Short Duration Income ETF has a 1-year low of $25.22 and a 1-year high of $26.15. The company has a 50 day moving average of $25.46 and a 200-day moving average of $25.76.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 2nd. Investors of record on Friday, October 30th were given a dividend of $0.0976 per share. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917. The ex-dividend date was Friday, October 30th. This represents a $1.17 dividend on an annualized basis and a yield of 4.6%.

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.