Financial Management Network Inc. Buys 37,435 Shares of Capital Group Short Duration Income ETF $CGSD

Financial Management Network Inc. lifted its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 16.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 270,202 shares of the company’s stock after purchasing an additional 37,435 shares during the period. Capital Group Short Duration Income ETF accounts for about 1.1% of Financial Management Network Inc.’s investment portfolio, making the stock its 23rd biggest position. Financial Management Network Inc. owned approximately 0.37% of Capital Group Short Duration Income ETF worth $7,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in Capital Group Short Duration Income ETF during the 4th quarter worth $36,000. MAI Capital Management purchased a new stake in shares of Capital Group Short Duration Income ETF in the 3rd quarter worth $40,000. IFP Advisors Inc lifted its holdings in shares of Capital Group Short Duration Income ETF by 102.4% in the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after buying an additional 900 shares during the period. Bank of America Corp DE bought a new position in shares of Capital Group Short Duration Income ETF during the 2nd quarter worth $49,000. Finally, Advisory Services Network LLC bought a new position in shares of Capital Group Short Duration Income ETF during the 3rd quarter worth $118,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.82 on Monday. The stock’s fifty day moving average price is $26.03 and its 200-day moving average price is $26.03. Capital Group Short Duration Income ETF has a 12 month low of $25.62 and a 12 month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 27th were issued a dividend of $0.0856 per share. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07.

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.