NewEdge Advisors LLC Boosts Stock Position in Capital Group Short Duration Income ETF $CGSD

NewEdge Advisors LLC lifted its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 14.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 440,502 shares of the company’s stock after acquiring an additional 57,096 shares during the quarter. NewEdge Advisors LLC owned approximately 0.52% of Capital Group Short Duration Income ETF worth $11,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in Capital Group Short Duration Income ETF by 22.5% during the fourth quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock valued at $162,191,000 after purchasing an additional 1,145,248 shares in the last quarter. Morgan Stanley increased its stake in shares of Capital Group Short Duration Income ETF by 7.1% in the fourth quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock worth $154,629,000 after purchasing an additional 396,507 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Capital Group Short Duration Income ETF by 6.8% in the first quarter. Cetera Investment Advisers now owns 2,487,155 shares of the company’s stock worth $64,144,000 after purchasing an additional 157,326 shares in the last quarter. Capital Group Private Client Services Inc. raised its position in shares of Capital Group Short Duration Income ETF by 0.7% during the 4th quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock valued at $61,043,000 after purchasing an additional 15,569 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of Capital Group Short Duration Income ETF by 6.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock valued at $55,787,000 after purchasing an additional 123,381 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $25.70 on Monday. The firm’s fifty day moving average is $25.74 and its 200 day moving average is $25.86. Capital Group Short Duration Income ETF has a fifty-two week low of $25.61 and a fifty-two week high of $26.15.

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.