Stratos Wealth Partners LTD. Takes Position in Capital Group Short Duration Income ETF $CGSD

Stratos Wealth Partners LTD. acquired a new stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,223 shares of the company’s stock, valued at approximately $602,000.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of Capital Group Short Duration Income ETF by 38.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 199,048 shares of the company’s stock valued at $5,137,000 after buying an additional 55,204 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Capital Group Short Duration Income ETF by 52.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 853,312 shares of the company’s stock worth $22,024,000 after purchasing an additional 294,905 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Capital Group Short Duration Income ETF by 23.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 19,944 shares of the company’s stock worth $515,000 after purchasing an additional 3,821 shares in the last quarter. Comerica Bank increased its position in shares of Capital Group Short Duration Income ETF by 762.0% during the 1st quarter. Comerica Bank now owns 6,663 shares of the company’s stock worth $172,000 after purchasing an additional 5,890 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Capital Group Short Duration Income ETF by 19.2% during the 1st quarter. Raymond James Financial Inc. now owns 648,315 shares of the company’s stock worth $16,733,000 after purchasing an additional 104,521 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock opened at $26.10 on Friday. The company has a 50-day simple moving average of $26.04 and a 200 day simple moving average of $25.93. Capital Group Short Duration Income ETF has a 12-month low of $25.55 and a 12-month high of $26.13.

Capital Group Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.0931 per share. The ex-dividend date was Monday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.