Souders Financial Advisors Buys 21,123 Shares of Capital Group Short Duration Income ETF $CGSD

Souders Financial Advisors grew its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,868 shares of the company’s stock after acquiring an additional 21,123 shares during the quarter. Capital Group Short Duration Income ETF comprises approximately 1.4% of Souders Financial Advisors’ portfolio, making the stock its 21st biggest position. Souders Financial Advisors’ holdings in Capital Group Short Duration Income ETF were worth $11,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Group Private Client Services Inc. increased its holdings in shares of Capital Group Short Duration Income ETF by 3.8% during the third quarter. Capital Group Private Client Services Inc. now owns 2,331,339 shares of the company’s stock valued at $60,568,000 after acquiring an additional 86,412 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of Capital Group Short Duration Income ETF by 4.8% during the fourth quarter. Merit Financial Group LLC now owns 1,910,928 shares of the company’s stock valued at $49,703,000 after acquiring an additional 88,085 shares in the last quarter. UBS Group AG increased its holdings in shares of Capital Group Short Duration Income ETF by 9.5% during the fourth quarter. UBS Group AG now owns 1,281,578 shares of the company’s stock valued at $33,334,000 after acquiring an additional 110,713 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Capital Group Short Duration Income ETF by 22.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,266,820 shares of the company’s stock valued at $32,912,000 after acquiring an additional 231,354 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of Capital Group Short Duration Income ETF by 10.3% during the third quarter. Raymond James Financial Inc. now owns 1,036,315 shares of the company’s stock valued at $26,923,000 after acquiring an additional 96,382 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA:CGSD opened at $25.81 on Friday. Capital Group Short Duration Income ETF has a 1-year low of $25.72 and a 1-year high of $26.15. The business has a fifty day moving average price of $25.92 and a 200-day moving average price of $26.00.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. The ex-dividend date was Friday, February 27th. This is a boost from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a dividend yield of 4.0%.

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.