Janney Montgomery Scott LLC Raises Stock Holdings in Capital Group Short Duration Income ETF $CGSD

Janney Montgomery Scott LLC raised its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 14.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,826 shares of the company’s stock after buying an additional 2,882 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Capital Group Short Duration Income ETF were worth $592,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CGSD. LPL Financial LLC raised its position in shares of Capital Group Short Duration Income ETF by 30.8% during the 1st quarter. LPL Financial LLC now owns 2,823,430 shares of the company’s stock worth $72,873,000 after purchasing an additional 665,185 shares during the period. Townsquare Capital LLC acquired a new stake in Capital Group Short Duration Income ETF in the 1st quarter valued at approximately $15,310,000. Norden Group LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the 1st quarter valued at $15,257,000. IAM Advisory LLC acquired a new position in shares of Capital Group Short Duration Income ETF during the 2nd quarter valued at $13,588,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Capital Group Short Duration Income ETF by 52.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock worth $22,024,000 after acquiring an additional 294,905 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA CGSD opened at $26.10 on Friday. Capital Group Short Duration Income ETF has a 52-week low of $25.55 and a 52-week high of $26.13. The stock’s fifty day simple moving average is $26.03 and its 200 day simple moving average is $25.92.

Capital Group Short Duration Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were given a dividend of $0.0931 per share. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

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.