Sei Investments Co. boosted its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD – Free Report) by 21.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 223,627 shares of the company’s stock after purchasing an additional 39,033 shares during the period. Sei Investments Co.’s holdings in Capital Group Short Duration Income ETF were worth $5,767,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CGSD. Flagship Harbor Advisors LLC bought a new stake in shares of Capital Group Short Duration Income ETF in the fourth quarter worth about $28,000. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Short Duration Income ETF during the 4th quarter valued at about $32,000. Sound Income Strategies LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the 1st quarter valued at approximately $39,000. IFP Advisors Inc grew its position in shares of Capital Group Short Duration Income ETF by 102.4% in 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 period. Finally, Bank of America Corp DE bought a new stake in Capital Group Short Duration Income ETF during the 2nd quarter worth approximately $49,000.
Capital Group Short Duration Income ETF Stock Performance
Shares of CGSD stock opened at $25.69 on Wednesday. The company’s 50 day moving average price is $25.74 and its two-hundred day moving average price is $25.87. Capital Group Short Duration Income ETF has a 52 week low of $25.61 and a 52 week high of $26.15.
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.
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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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