Keudell Morrison Wealth Management Invests $637,000 in Capital Group Short Duration Income ETF $CGSD

Keudell Morrison Wealth Management purchased a new stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,716 shares of the company’s stock, valued at approximately $637,000.

Other institutional investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Short Duration Income ETF during the fourth quarter worth approximately $28,000. Birchwood Financial Partners Inc. acquired a new position in Capital Group Short Duration Income ETF in the 4th quarter valued at $32,000. Central Pacific Bank Trust Division bought a new stake in shares of Capital Group Short Duration Income ETF during the 4th quarter valued at $36,000. MAI Capital Management bought a new stake in shares of Capital Group Short Duration Income ETF during the 3rd quarter valued at $40,000. Finally, IFP Advisors Inc grew its holdings in shares of Capital Group Short Duration Income ETF by 102.4% during the 3rd quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock worth $46,000 after purchasing an additional 900 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA CGSD opened at $25.76 on Wednesday. The stock’s fifty day moving average is $25.82 and its 200 day moving average is $25.94. Capital Group Short Duration Income ETF has a 52 week low of $25.70 and a 52 week high of $26.15.

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. CGSD was launched on Oct 25, 2022 and is managed by Capital Group.