Geneos Wealth Management Inc. Sells 98,711 Shares of Capital Group Short Duration Income ETF $CGSD

Geneos Wealth Management Inc. decreased its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 92.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,695 shares of the company’s stock after selling 98,711 shares during the period. Geneos Wealth Management Inc.’s holdings in Capital Group Short Duration Income ETF were worth $200,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CGSD. Bank of America Corp DE acquired a new position in shares of Capital Group Short Duration Income ETF during the second quarter worth $49,000. Signature Resources Capital Management LLC increased its position in Capital Group Short Duration Income ETF by 197.4% during the 2nd quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock valued at $59,000 after buying an additional 1,516 shares in the last quarter. Private Trust Co. NA increased its position in Capital Group Short Duration Income ETF by 173.8% during the 2nd quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock valued at $71,000 after buying an additional 1,738 shares in the last quarter. Cullen Frost Bankers Inc. raised its stake in 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 buying an additional 1,376 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in Capital Group Short Duration Income ETF in the first quarter worth about $207,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock opened at $26.02 on Monday. Capital Group Short Duration Income ETF has a fifty-two week low of $25.58 and a fifty-two week high of $26.14. The stock’s 50-day simple moving average is $26.02 and its 200-day simple moving average is $26.01.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $0.1208 per share. This represents a c) dividend on an annualized basis and a 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.

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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.