Richards Merrill & Peterson Inc. Grows Stock Holdings in Capital Group Short Duration Income ETF $CGSD

Richards Merrill & Peterson Inc. lifted its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 50.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,984 shares of the company’s stock after acquiring an additional 62,652 shares during the period. Capital Group Short Duration Income ETF makes up 1.8% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 11th biggest position. Richards Merrill & Peterson Inc. owned about 0.22% of Capital Group Short Duration Income ETF worth $4,822,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CGSD. LPL Financial LLC boosted its position in Capital Group Short Duration Income ETF by 22.5% during the 4th quarter. LPL Financial LLC now owns 6,235,706 shares of the company’s stock worth $162,191,000 after purchasing an additional 1,145,248 shares during the period. Morgan Stanley raised its position in Capital Group Short Duration Income ETF by 7.1% in the fourth quarter. Morgan Stanley now owns 5,944,971 shares of the company’s stock valued at $154,629,000 after purchasing an additional 396,507 shares during the period. Capital Group Private Client Services Inc. raised its position in Capital Group Short Duration Income ETF by 0.7% in the fourth quarter. Capital Group Private Client Services Inc. now owns 2,346,908 shares of the company’s stock valued at $61,043,000 after purchasing an additional 15,569 shares during the period. Cetera Investment Advisers lifted its stake in shares of Capital Group Short Duration Income ETF by 12.0% during the fourth quarter. Cetera Investment Advisers now owns 2,329,829 shares of the company’s stock worth $60,599,000 after purchasing an additional 249,622 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 6.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,144,817 shares of the company’s stock worth $55,787,000 after purchasing an additional 123,381 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Up 0.0%

Shares of NYSEARCA CGSD opened at $25.76 on Wednesday. Capital Group Short Duration Income ETF has a 1-year low of $25.70 and a 1-year high of $26.15. The business has a 50-day moving average of $25.82 and a 200-day moving average of $25.94.

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.