Dynamic Advisor Solutions LLC Sells 28,328 Shares of Capital Group Short Duration Income ETF $CGSD

Dynamic Advisor Solutions LLC decreased its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 50.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,340 shares of the company’s stock after selling 28,328 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Capital Group Short Duration Income ETF were worth $737,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Benjamin Edwards Inc. raised its stake in shares of Capital Group Short Duration Income ETF by 27.2% in the third quarter. Benjamin Edwards Inc. now owns 184,816 shares of the company’s stock valued at $4,801,000 after purchasing an additional 39,561 shares in the last quarter. Financial Management Network Inc. boosted its stake in Capital Group Short Duration Income ETF by 16.1% during the fourth quarter. Financial Management Network Inc. now owns 270,202 shares of the company’s stock worth $7,023,000 after buying an additional 37,435 shares in the last quarter. Freestate Advisors LLC boosted its stake in Capital Group Short Duration Income ETF by 79.9% during the third quarter. Freestate Advisors LLC now owns 51,922 shares of the company’s stock worth $1,349,000 after buying an additional 23,068 shares in the last quarter. Bridgewealth Advisory Group LLC increased its holdings in Capital Group Short Duration Income ETF by 3.3% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 813,953 shares of the company’s stock valued at $21,146,000 after buying an additional 25,973 shares during the period. Finally, Petredis Investment Advisors LLC raised its stake in shares of Capital Group Short Duration Income ETF by 46.1% in the 3rd quarter. Petredis Investment Advisors LLC now owns 173,115 shares of the company’s stock valued at $4,498,000 after buying an additional 54,633 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock opened at $25.77 on Friday. The firm has a fifty day moving average of $26.02 and a 200-day moving average of $26.03. Capital Group Short Duration Income ETF has a 52-week low of $25.62 and a 52-week high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

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

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