Northwestern Mutual Wealth Management Co. Has $8.08 Million Stake in Capital Group Short Duration Income ETF $CGSD

Northwestern Mutual Wealth Management Co. lifted its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 12.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 310,788 shares of the company’s stock after purchasing an additional 33,681 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Capital Group Short Duration Income ETF were worth $8,084,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Capital Group Private Client Services Inc. raised its position in shares of Capital Group Short Duration Income ETF by 3.8% during the third quarter. Capital Group Private Client Services Inc. now owns 2,331,339 shares of the company’s stock worth $60,568,000 after purchasing an additional 86,412 shares during the period. Merit Financial Group LLC raised its position in shares of Capital Group Short Duration Income ETF by 4.8% during the fourth quarter. Merit Financial Group LLC now owns 1,910,928 shares of the company’s stock worth $49,703,000 after purchasing an additional 88,085 shares during the period. UBS Group AG raised its position in shares of Capital Group Short Duration Income ETF by 9.5% during the fourth quarter. UBS Group AG now owns 1,281,578 shares of the company’s stock worth $33,334,000 after purchasing an additional 110,713 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Capital Group Short Duration Income ETF by 22.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,266,820 shares of the company’s stock worth $32,912,000 after purchasing an additional 231,354 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of Capital Group Short Duration Income ETF by 10.3% during the third quarter. Raymond James Financial Inc. now owns 1,036,315 shares of the company’s stock worth $26,923,000 after purchasing an additional 96,382 shares during the period.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA:CGSD opened at $25.77 on Wednesday. Capital Group Short Duration Income ETF has a twelve month low of $25.72 and a twelve month high of $26.15. The stock’s 50 day moving average is $25.84 and its 200-day moving average is $25.96.

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.