Cetera Investment Advisers increased its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 6.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 2,487,155 shares of the company’s stock after acquiring an additional 157,326 shares during the period. Cetera Investment Advisers’ holdings in Capital Group Short Duration Income ETF were worth $64,144,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CGSD. Flagship Harbor Advisors LLC bought a new stake in Capital Group Short Duration Income ETF during the 4th quarter valued at about $28,000. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Short Duration Income ETF in the fourth quarter worth approximately $32,000. Sound Income Strategies LLC bought a new stake in shares of Capital Group Short Duration Income ETF during the first quarter valued at approximately $39,000. IFP Advisors Inc increased its position in shares of 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 acquiring an additional 900 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in Capital Group Short Duration Income ETF in the 2nd quarter worth approximately $49,000.
Capital Group Short Duration Income ETF Price Performance
CGSD stock opened at $25.68 on Friday. Capital Group Short Duration Income ETF has a 12-month low of $25.65 and a 12-month high of $26.15. The stock’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $25.89.
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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