Kestra Investment Management LLC Trims Stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Kestra Investment Management LLC cut its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 58.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,637 shares of the company’s stock after selling 26,752 shares during the quarter. Kestra Investment Management LLC’s holdings in Capital Group Short Duration Income ETF were worth $478,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CGSD. International Assets Investment Management LLC grew its position in Capital Group Short Duration Income ETF by 3,096.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,587,209 shares of the company’s stock valued at $929,450,000 after acquiring an additional 3,474,992 shares during the last quarter. Beta Wealth Group Inc. bought a new position in shares of Capital Group Short Duration Income ETF in the third quarter worth about $7,465,000. RFP Financial Group LLC purchased a new position in Capital Group Short Duration Income ETF in the 4th quarter worth about $6,472,000. Great Valley Advisor Group Inc. bought a new stake in Capital Group Short Duration Income ETF during the 3rd quarter valued at about $6,509,000. Finally, Captrust Financial Advisors boosted its position in Capital Group Short Duration Income ETF by 888.0% in the 3rd quarter. Captrust Financial Advisors now owns 191,986 shares of the company’s stock valued at $4,974,000 after buying an additional 172,554 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

Shares of CGSD stock opened at $25.76 on Thursday. The company’s 50-day simple moving average is $25.69 and its two-hundred day simple moving average is $25.75. Capital Group Short Duration Income ETF has a one year low of $25.21 and a one year high of $26.01.

Capital Group Short Duration Income ETF Cuts Dividend

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

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.