Capital Group Short Duration Income ETF $CGSD Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its holdings in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 22.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,266,820 shares of the company’s stock after acquiring an additional 231,354 shares during the quarter. Envestnet Asset Management Inc. owned about 1.95% of Capital Group Short Duration Income ETF worth $32,912,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGSD. Bank of America Corp DE purchased a new position in shares of Capital Group Short Duration Income ETF during the 2nd quarter worth $49,000. Private Trust Co. NA boosted its stake in Capital Group Short Duration Income ETF by 173.8% during the second quarter. Private Trust Co. NA now owns 2,738 shares of the company’s stock worth $71,000 after buying an additional 1,738 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Capital Group Short Duration Income ETF by 51.3% during the second quarter. Cullen Frost Bankers Inc. now owns 4,056 shares of the company’s stock worth $105,000 after buying an additional 1,376 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Capital Group Short Duration Income ETF during the first quarter valued at about $207,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the 2nd quarter valued at approximately $209,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock opened at $26.07 on Thursday. The firm’s 50 day moving average price is $26.04 and its 200-day moving average price is $26.03. Capital Group Short Duration Income ETF has a one year low of $25.62 and a one year high of $26.14.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 2nd. Stockholders of record on Friday, January 30th were paid a $0.0736 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%.

Capital Group Short Duration Income ETF 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.