Souders Financial Advisors Acquires 21,123 Shares of Capital Group Short Duration Income ETF $CGSD

Souders Financial Advisors raised its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 4.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 455,868 shares of the company’s stock after acquiring an additional 21,123 shares during the period. Capital Group Short Duration Income ETF comprises approximately 1.4% of Souders Financial Advisors’ portfolio, making the stock its 21st biggest holding. Souders Financial Advisors owned about 0.61% of Capital Group Short Duration Income ETF worth $11,857,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CGSD. Flagship Harbor Advisors LLC bought a new position in Capital Group Short Duration Income ETF during the fourth quarter valued at approximately $28,000. Central Pacific Bank Trust Division bought a new position in Capital Group Short Duration Income ETF during the fourth quarter valued at approximately $36,000. MAI Capital Management bought a new position in Capital Group Short Duration Income ETF during the third quarter valued at approximately $40,000. IFP Advisors Inc grew its position in 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 valued at $46,000 after acquiring an additional 900 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of Capital Group Short Duration Income ETF during the second quarter valued at approximately $49,000.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA:CGSD opened at $25.81 on Friday. Capital Group Short Duration Income ETF has a fifty-two week low of $25.72 and a fifty-two week high of $26.15. The business has a 50 day moving average price of $25.92 and a 200-day moving average price of $26.00.

Capital Group Short Duration Income ETF Increases Dividend

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

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.