Capital Group Short Duration Income ETF $CGSD Shares Sold by Beta Wealth Group Inc.

Beta Wealth Group Inc. cut its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 1.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 493,239 shares of the company’s stock after selling 5,317 shares during the quarter. Capital Group Short Duration Income ETF accounts for 4.7% of Beta Wealth Group Inc.’s portfolio, making the stock its 4th biggest holding. Beta Wealth Group Inc. owned approximately 0.91% of Capital Group Short Duration Income ETF worth $12,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CGSD. Bridgewealth Advisory Group LLC lifted its position in shares of Capital Group Short Duration Income ETF by 745.3% in the 2nd quarter. Bridgewealth Advisory Group LLC now owns 787,980 shares of the company’s stock worth $20,436,000 after acquiring an additional 694,761 shares during the period. LPL Financial LLC raised its stake in shares of Capital Group Short Duration Income ETF by 30.8% in the first quarter. LPL Financial LLC now owns 2,823,430 shares of the company’s stock valued at $72,873,000 after purchasing an additional 665,185 shares in the last quarter. Townsquare Capital LLC bought a new position in Capital Group Short Duration Income ETF in the first quarter worth $15,310,000. Norden Group LLC bought a new position in Capital Group Short Duration Income ETF in the first quarter worth $15,257,000. Finally, IAM Advisory LLC acquired a new stake in Capital Group Short Duration Income ETF during the second quarter worth $13,588,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock opened at $25.98 on Friday. Capital Group Short Duration Income ETF has a 52-week low of $25.55 and a 52-week high of $26.14. The firm has a fifty day moving average of $26.04 and a 200-day moving average of $25.95.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were issued a dividend of $0.1087 per share. The ex-dividend date of this dividend was Friday, October 31st. This represents a c) annualized dividend and a yield of 5.0%. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09.

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.