Capital Group Short Duration Income ETF $CGSD Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 4.1% during the second quarter, Holdings Channel.com reports. The fund owned 13,950 shares of the company’s stock after selling 600 shares during the period. MGO One Seven LLC’s holdings in Capital Group Short Duration Income ETF were worth $362,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CGSD. Signature Resources Capital Management LLC increased its stake in shares of Capital Group Short Duration Income ETF by 197.4% during the second quarter. Signature Resources Capital Management LLC now owns 2,284 shares of the company’s stock valued at $59,000 after acquiring an additional 1,516 shares during the period. Cullen Frost Bankers Inc. increased its stake in shares of Capital Group Short Duration Income ETF by 30.5% during the first quarter. Cullen Frost Bankers Inc. now owns 2,680 shares of the company’s stock valued at $69,000 after acquiring an additional 627 shares during the period. Synergy Investment Management LLC bought a new stake in Capital Group Short Duration Income ETF during the first quarter worth approximately $75,000. Comerica Bank boosted its holdings in Capital Group Short Duration Income ETF by 762.0% during the first quarter. Comerica Bank now owns 6,663 shares of the company’s stock worth $172,000 after buying an additional 5,890 shares in the last quarter. Finally, Capital Analysts LLC bought a new stake in Capital Group Short Duration Income ETF during the first quarter worth approximately $198,000.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA:CGSD opened at $26.08 on Friday. Capital Group Short Duration Income ETF has a 1-year low of $25.55 and a 1-year high of $26.13. The company has a 50 day moving average price of $26.03 and a 200 day moving average price of $25.92.

Capital Group Short Duration Income ETF Cuts Dividend

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

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.