Souders Financial Advisors Buys 36,227 Shares of Capital Group Short Duration Income ETF $CGSD

Souders Financial Advisors grew its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 9.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 434,745 shares of the company’s stock after acquiring an additional 36,227 shares during the period. Capital Group Short Duration Income ETF accounts for about 1.3% of Souders Financial Advisors’ investment portfolio, making the stock its 22nd biggest holding. Souders Financial Advisors’ holdings in Capital Group Short Duration Income ETF were worth $11,295,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new position in Capital Group Short Duration Income ETF during the first quarter valued at approximately $207,000. Jane Street Group LLC boosted its stake in Capital Group Short Duration Income ETF by 58.6% in the 1st quarter. Jane Street Group LLC now owns 128,815 shares of the company’s stock worth $3,325,000 after purchasing an additional 47,590 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Capital Group Short Duration Income ETF by 14.5% during the second quarter. Janney Montgomery Scott LLC now owns 22,826 shares of the company’s stock worth $592,000 after buying an additional 2,882 shares during the period. Beacon Financial Advisory LLC acquired a new stake in Capital Group Short Duration Income ETF during the 2nd quarter worth about $273,000. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of Capital Group Short Duration Income ETF by 21.8% during the second quarter. Tcfg Wealth Management LLC now owns 36,977 shares of the company’s stock worth $959,000 after purchasing an additional 6,630 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

Shares of NYSEARCA CGSD opened at $26.02 on Friday. The company has a 50 day simple moving average of $26.04 and a two-hundred day simple moving average of $26.02. Capital Group Short Duration Income ETF has a 12 month low of $25.62 and a 12 month high of $26.14.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Friday, January 30th will be issued a $0.0736 dividend. The ex-dividend date of this dividend is Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 3.4%.

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.