Envestnet Asset Management Inc. Has $26.86 Million Stock Position in Capital Group Short Duration Income ETF $CGSD

Envestnet Asset Management Inc. grew its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 21.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,035,466 shares of the company’s stock after acquiring an additional 182,154 shares during the quarter. Envestnet Asset Management Inc. owned 1.91% of Capital Group Short Duration Income ETF worth $26,855,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CGSD. LPL Financial LLC boosted its stake in Capital Group Short Duration Income ETF by 30.8% in the first 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 in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Capital Group Short Duration Income ETF by 13.5% during the first quarter. Commonwealth Equity Services LLC now owns 1,824,041 shares of the company’s stock worth $47,078,000 after purchasing an additional 217,282 shares during the period. Cetera Investment Advisers grew its stake in Capital Group Short Duration Income ETF by 15.0% in the first quarter. Cetera Investment Advisers now owns 1,517,599 shares of the company’s stock valued at $39,169,000 after acquiring an additional 197,754 shares during the period. WNY Asset Management LLC lifted its holdings in shares of Capital Group Short Duration Income ETF by 4.1% in the first quarter. WNY Asset Management LLC now owns 901,933 shares of the company’s stock valued at $23,279,000 after purchasing an additional 35,324 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Capital Group Short Duration Income ETF by 19.2% during the first quarter. Raymond James Financial Inc. now owns 648,315 shares of the company’s stock worth $16,733,000 after acquiring an additional 104,521 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

NYSEARCA:CGSD opened at $25.94 on Tuesday. The stock’s 50 day moving average price is $26.05 and its two-hundred day moving average price is $25.94. Capital Group Short Duration Income ETF has a 12-month low of $25.55 and a 12-month high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, November 3rd. Shareholders of record on Friday, October 31st were paid a $0.1087 dividend. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.09. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, October 31st.

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.