Envestnet Asset Management Inc. Has $22.02 Million Stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Envestnet Asset Management Inc. raised its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 52.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 853,312 shares of the company’s stock after buying an additional 294,905 shares during the period. Envestnet Asset Management Inc. owned 1.98% of Capital Group Short Duration Income ETF worth $22,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LongView Wealth Management increased its position in shares of Capital Group Short Duration Income ETF by 0.9% in the first quarter. LongView Wealth Management now owns 55,139 shares of the company’s stock worth $1,423,000 after purchasing an additional 466 shares during the period. Ausdal Financial Partners Inc. boosted its stake in Capital Group Short Duration Income ETF by 3.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 14,757 shares of the company’s stock valued at $378,000 after buying an additional 560 shares in the last quarter. Stonebridge Financial Group LLC boosted its stake in Capital Group Short Duration Income ETF by 3.1% in the first quarter. Stonebridge Financial Group LLC now owns 24,822 shares of the company’s stock valued at $641,000 after buying an additional 746 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 2.5% during the first quarter. Dynamic Advisor Solutions LLC now owns 40,551 shares of the company’s stock valued at $1,047,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CGN Advisors LLC boosted its stake in shares of Capital Group Short Duration Income ETF by 8.7% during the first quarter. CGN Advisors LLC now owns 13,490 shares of the company’s stock valued at $348,000 after purchasing an additional 1,081 shares in the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of CGSD opened at $25.88 on Wednesday. Capital Group Short Duration Income ETF has a 52-week low of $25.41 and a 52-week high of $26.02. The business’s 50 day moving average price is $25.86 and its two-hundred day moving average price is $25.80.

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.