Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. cut its holdings in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 41.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,403 shares of the company’s stock after selling 27,480 shares during the period. Avantax Advisory Services Inc.’s holdings in Capital Group Short Duration Income ETF were worth $1,010,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Brookstone Capital Management acquired a new position in Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $544,000. Truist Financial Corp boosted its position in Capital Group Short Duration Income ETF by 23.1% during the 4th quarter. Truist Financial Corp now owns 37,879 shares of the company’s stock valued at $971,000 after purchasing an additional 7,096 shares during the period. Steward Partners Investment Advisory LLC bought a new position in Capital Group Short Duration Income ETF during the 4th quarter worth $168,000. DAVENPORT & Co LLC grew its stake in Capital Group Short Duration Income ETF by 2.1% during the 4th quarter. DAVENPORT & Co LLC now owns 24,582 shares of the company’s stock worth $630,000 after buying an additional 515 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in Capital Group Short Duration Income ETF by 888.0% in the third quarter. Captrust Financial Advisors now owns 191,986 shares of the company’s stock worth $4,974,000 after buying an additional 172,554 shares during the period.

Capital Group Short Duration Income ETF Price Performance

Capital Group Short Duration Income ETF stock opened at $25.85 on Thursday. The firm has a 50-day moving average price of $25.76 and a two-hundred day moving average price of $25.76. Capital Group Short Duration Income ETF has a 52-week low of $25.21 and a 52-week high of $26.02.

Capital Group Short Duration Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Friday, January 31st were issued a $0.0778 dividend. The ex-dividend date of this dividend was Friday, January 31st.

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.