Wealth Enhancement Advisory Services LLC Has $19.50 Million Stock Position in Capital Group Short Duration Income ETF $CGSD

Wealth Enhancement Advisory Services LLC raised its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 749,658 shares of the company’s stock after acquiring an additional 108,951 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 1.17% of Capital Group Short Duration Income ETF worth $19,499,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in Capital Group Short Duration Income ETF in the 2nd quarter valued at $49,000. Signature Resources Capital Management LLC lifted its holdings in shares of Capital Group Short Duration Income ETF by 197.4% during the second quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock worth $59,000 after buying an additional 1,516 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Capital Group Short Duration Income ETF by 173.8% in the second quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock valued at $71,000 after acquiring an additional 1,738 shares during the period. Cullen Frost Bankers Inc. grew its stake in shares of Capital Group Short Duration Income ETF by 51.3% in the second quarter. Cullen Frost Bankers Inc. now owns 4,056 shares of the company’s stock valued at $105,000 after acquiring an additional 1,376 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of Capital Group Short Duration Income ETF in the first quarter valued at about $207,000.

Capital Group Short Duration Income ETF Price Performance

NYSEARCA CGSD opened at $26.05 on Thursday. The firm has a 50-day moving average price of $26.03 and a two-hundred day moving average price of $26.01. Capital Group Short Duration Income ETF has a 12-month low of $25.62 and a 12-month high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.1208 per share. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date was Wednesday, December 24th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08.

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.