Gateway Wealth Partners LLC increased its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 150.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,471 shares of the company’s stock after purchasing an additional 20,088 shares during the quarter. Gateway Wealth Partners LLC’s holdings in Capital Group Short Duration Income ETF were worth $863,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CGSD. Wood Tarver Financial Group LLC lifted its holdings in Capital Group Short Duration Income ETF by 569.7% during the 4th quarter. Wood Tarver Financial Group LLC now owns 1,376,244 shares of the company’s stock worth $35,796,000 after purchasing an additional 1,170,734 shares in the last quarter. LPL Financial LLC increased its position in shares of 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 buying an additional 1,145,248 shares during the period. Wells Fargo & Company MN increased its position in shares of Capital Group Short Duration Income ETF by 55.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,731,920 shares of the company’s stock valued at $45,047,000 after buying an additional 615,309 shares during the period. Susquehanna International Group LLP purchased a new stake in shares of Capital Group Short Duration Income ETF in the third quarter worth about $10,536,000. Finally, Morgan Stanley lifted its holdings 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 buying an additional 396,507 shares in the last quarter.
Capital Group Short Duration Income ETF Stock Performance
CGSD stock opened at $25.73 on Thursday. The firm has a 50 day moving average of $25.75 and a 200-day moving average of $25.88. Capital Group Short Duration Income ETF has a 12 month low of $25.65 and a 12 month 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.
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