Royal Bank of Canada increased its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 18.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,530,347 shares of the company’s stock after buying an additional 236,256 shares during the period. Royal Bank of Canada owned 1.81% of Capital Group Short Duration Income ETF worth $39,468,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Flagship Harbor Advisors LLC bought a new position in Capital Group Short Duration Income ETF in the 4th quarter valued at about $28,000. Birchwood Financial Partners Inc. acquired a new position in shares of Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $32,000. Sound Income Strategies LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the first quarter valued at approximately $39,000. IFP Advisors Inc increased its stake in shares of 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 worth $46,000 after purchasing an additional 900 shares during the period. Finally, Bank of America Corp DE bought a new position in shares of Capital Group Short Duration Income ETF during the second quarter worth approximately $49,000.
Capital Group Short Duration Income ETF Price Performance
NYSEARCA:CGSD opened at $25.65 on Tuesday. The stock has a 50 day simple moving average of $25.74 and a 200 day simple moving average of $25.87. Capital Group Short Duration Income ETF has a 1-year low of $25.61 and a 1-year 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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