Oppenheimer & Co. Inc. bought a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund bought 88,462 shares of the company’s stock, valued at approximately $2,234,000.
Other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors lifted its holdings in shares of Capital Group Short Duration Income ETF by 6.7% in the first quarter. Arkadios Wealth Advisors now owns 12,745 shares of the company’s stock worth $329,000 after acquiring an additional 801 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Capital Group Short Duration Income ETF by 5.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,088 shares of the company’s stock valued at $465,000 after purchasing an additional 876 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 5.8% in the 2nd quarter. Continuum Advisory LLC now owns 18,146 shares of the company’s stock valued at $467,000 after purchasing an additional 987 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the 2nd quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the 1st quarter valued at approximately $39,000.
Capital Group Short Duration Income ETF Trading Down 0.2%
CGSD stock opened at $25.42 on Friday. The company has a 50 day simple moving average of $25.47 and a 200 day simple moving average of $25.76. Capital Group Short Duration Income ETF has a 1 year low of $25.22 and a 1 year high of $26.15.
Capital Group Short Duration Income ETF Increases Dividend
The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Friday, October 30th will be issued a $0.0976 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, October 30th. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0917.
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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.
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Want to see what other hedge funds are holding CGSD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report).
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