Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Announces Dividend Increase – $0.09 Per Share

Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Get Free Report) declared a monthly dividend on Monday, September 28th. Shareholders of record on Tuesday, September 29th will be paid a dividend of $0.0917 per share on Wednesday, September 30th. This represents a $1.10 annualized dividend and a yield of 4.4%. The ex-dividend date is Tuesday, September 29th. This is a 3.3% increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.0888.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD traded down $0.10 during midday trading on Tuesday, hitting $25.25. The company had a trading volume of 330,507 shares, compared to its average volume of 535,311. The company’s 50 day moving average price is $25.62 and its 200 day moving average price is $25.75. Capital Group Short Duration Income ETF has a 52 week low of $25.22 and a 52 week high of $26.15.

Institutional Trading of Capital Group Short Duration Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Keudell Morrison Wealth Management acquired a new stake in Capital Group Short Duration Income ETF during the first quarter worth about $637,000. Northwestern Mutual Wealth Management Co. boosted its stake in Capital Group Short Duration Income ETF by 12.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 310,788 shares of the company’s stock valued at $8,084,000 after acquiring an additional 33,681 shares during the period. Private Advisor Group LLC grew its holdings in shares of Capital Group Short Duration Income ETF by 10.8% during the first quarter. Private Advisor Group LLC now owns 520,838 shares of the company’s stock valued at $13,432,000 after purchasing an additional 50,685 shares during the last quarter. WNY Asset Management LLC bought a new position in shares of Capital Group Short Duration Income ETF during the first quarter valued at approximately $1,661,000. Finally, RFP Financial Group LLC raised its position in shares of Capital Group Short Duration Income ETF by 63.0% during the 4th quarter. RFP Financial Group LLC now owns 797,118 shares of the company’s stock worth $20,733,000 after purchasing an additional 308,120 shares during the period.

About Capital Group Short Duration Income ETF

(Get Free Report)

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.

See Also

Dividend History for Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

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