NewEdge Advisors LLC boosted its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 14.9% in the 1st quarter, HoldingsChannel reports. The firm owned 440,502 shares of the company’s stock after purchasing an additional 57,096 shares during the quarter. NewEdge Advisors LLC’s holdings in Capital Group Short Duration Income ETF were worth $11,361,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter worth $28,000. Birchwood Financial Partners Inc. purchased a new stake in Capital Group Short Duration Income ETF in the 4th quarter worth $32,000. Sound Income Strategies LLC bought a new position in shares of Capital Group Short Duration Income ETF during the 1st quarter valued at about $39,000. IFP Advisors Inc boosted its holdings in shares of Capital Group Short Duration Income ETF by 102.4% during the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after purchasing an additional 900 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Capital Group Short Duration Income ETF during the 2nd quarter valued at about $49,000.
Capital Group Short Duration Income ETF Stock Performance
Shares of Capital Group Short Duration Income ETF stock opened at $25.70 on Monday. Capital Group Short Duration Income ETF has a twelve month low of $25.61 and a twelve month high of $26.15. The business has a 50-day moving average price of $25.74 and a 200-day moving average price of $25.86.
Capital Group Short Duration Income ETF Company 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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