Fifth Third Securities Inc. Purchases New Stake in Capital Group Short Duration Income ETF $CGSD

Fifth Third Securities Inc. purchased a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 88,485 shares of the company’s stock, valued at approximately $2,234,000.

Other large investors have also recently added to or reduced their stakes in the company. Keudell Morrison Wealth Management acquired a new stake in shares of Capital Group Short Duration Income ETF during the 1st quarter valued at $637,000. Private Advisor Group LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 10.8% during the 1st quarter. Private Advisor Group LLC now owns 520,838 shares of the company’s stock valued at $13,432,000 after acquiring an additional 50,685 shares in the last quarter. WNY Asset Management LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the first quarter worth $1,661,000. NewEdge Advisors LLC increased its stake in shares of Capital Group Short Duration Income ETF by 21.5% in the second quarter. NewEdge Advisors LLC now owns 535,206 shares of the company’s stock worth $13,771,000 after acquiring an additional 94,704 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its stake in shares of Capital Group Short Duration Income ETF by 309.4% in the first quarter. Conservest Capital Advisors Inc. now owns 343,833 shares of the company’s stock worth $8,867,000 after acquiring an additional 259,855 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA:CGSD opened at $25.37 on Thursday. Capital Group Short Duration Income ETF has a 1 year low of $25.22 and a 1 year high of $26.15. The business has a fifty day simple moving average of $25.50 and a 200 day simple moving average of $25.68.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.0917 dividend. This represents a $1.10 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, September 29th. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888.

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.