Sagespring Wealth Partners LLC Invests $209,000 in Capital Group Short Duration Income ETF $CGSD

Sagespring Wealth Partners LLC purchased a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the second quarter, Holdings Channel.com reports. The fund purchased 8,051 shares of the company’s stock, valued at approximately $209,000.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Capital Group Short Duration Income ETF by 52.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 466,899 shares of the company’s stock worth $12,051,000 after acquiring an additional 161,071 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Capital Group Short Duration Income ETF by 38.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 199,048 shares of the company’s stock valued at $5,137,000 after buying an additional 55,204 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Capital Group Short Duration Income ETF by 52.8% in the first quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock valued at $22,024,000 after buying an additional 294,905 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Capital Group Short Duration Income ETF by 23.7% in the first quarter. Janney Montgomery Scott LLC now owns 19,944 shares of the company’s stock valued at $515,000 after buying an additional 3,821 shares during the last quarter. Finally, Comerica Bank boosted its position in Capital Group Short Duration Income ETF by 762.0% in the first quarter. Comerica Bank now owns 6,663 shares of the company’s stock valued at $172,000 after buying an additional 5,890 shares during the last quarter.

Capital Group Short Duration Income ETF Trading Down 0.1%

Shares of NYSEARCA CGSD opened at $26.08 on Friday. The business’s 50 day moving average price is $26.03 and its 200 day moving average price is $25.92. Capital Group Short Duration Income ETF has a 52 week low of $25.55 and a 52 week high of $26.13.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a $0.0931 dividend. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.