Capital Group Short Duration Income ETF $CGSD is Lodestone Wealth Management LLC’s 5th Largest Position

Lodestone Wealth Management LLC raised its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 27.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,176 shares of the company’s stock after buying an additional 50,146 shares during the period. Capital Group Short Duration Income ETF comprises about 2.5% of Lodestone Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Lodestone Wealth Management LLC’s holdings in Capital Group Short Duration Income ETF were worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new position in Capital Group Short Duration Income ETF in the fourth quarter worth $36,000. MAI Capital Management bought a new position in Capital Group Short Duration Income ETF in the third quarter valued at $40,000. IFP Advisors Inc raised its position in 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 valued at $46,000 after purchasing an additional 900 shares in the last quarter. Bank of America Corp DE bought a new stake in Capital Group Short Duration Income ETF during the second quarter worth about $49,000. Finally, Advisory Services Network LLC bought a new stake in Capital Group Short Duration Income ETF during the third quarter worth about $118,000.

Capital Group Short Duration Income ETF Trading Up 0.2%

CGSD opened at $25.79 on Wednesday. The stock has a 50-day moving average price of $26.00 and a 200-day moving average price of $26.02. Capital Group Short Duration Income ETF has a 12-month low of $25.62 and a 12-month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were paid a $0.0856 dividend. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, February 27th.

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.