Petredis Investment Advisors LLC Boosts Stock Holdings in Capital Group Short Duration Income ETF $CGSD

Petredis Investment Advisors LLC lifted its stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 46.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,115 shares of the company’s stock after buying an additional 54,633 shares during the period. Petredis Investment Advisors LLC owned approximately 0.28% of Capital Group Short Duration Income ETF worth $4,498,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in Capital Group Short Duration Income ETF by 4.8% in the 3rd quarter. DAVENPORT & Co LLC now owns 25,227 shares of the company’s stock worth $655,000 after purchasing an additional 1,161 shares during the period. LongView Wealth Management increased its stake in shares of Capital Group Short Duration Income ETF by 58.0% in the third quarter. LongView Wealth Management now owns 41,341 shares of the company’s stock worth $1,074,000 after buying an additional 15,184 shares during the period. Cyndeo Wealth Partners LLC boosted its position in Capital Group Short Duration Income ETF by 4.9% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 34,655 shares of the company’s stock valued at $900,000 after buying an additional 1,632 shares during the period. CGN Advisors LLC boosted its position in Capital Group Short Duration Income ETF by 14.8% during the 3rd quarter. CGN Advisors LLC now owns 14,910 shares of the company’s stock valued at $387,000 after buying an additional 1,925 shares during the period. Finally, Freestate Advisors LLC grew its holdings in Capital Group Short Duration Income ETF by 79.9% in the 3rd quarter. Freestate Advisors LLC now owns 51,922 shares of the company’s stock worth $1,349,000 after acquiring an additional 23,068 shares during the last quarter.

Capital Group Short Duration Income ETF Stock Down 0.0%

Shares of NYSEARCA:CGSD opened at $26.09 on Wednesday. The company has a 50-day moving average price of $26.04 and a 200-day moving average price of $25.99. Capital Group Short Duration Income ETF has a 12 month low of $25.55 and a 12 month high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th will be given a $0.1208 dividend. The ex-dividend date is Wednesday, December 24th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. This is an increase from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08.

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.