Oak Hill Wealth Advisors LLC Invests $564,000 in Capital Group Short Duration Income ETF $CGSD

Oak Hill Wealth Advisors LLC purchased a new position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,708 shares of the company’s stock, valued at approximately $564,000.

Several other hedge funds have also recently bought and sold shares of CGSD. Merit Financial Group LLC boosted its position in Capital Group Short Duration Income ETF by 8,823.7% during the third quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock worth $47,357,000 after purchasing an additional 1,802,416 shares in the last quarter. Bridgewealth Advisory Group LLC increased its position in shares of Capital Group Short Duration Income ETF by 745.3% in the second quarter. Bridgewealth Advisory Group LLC now owns 787,980 shares of the company’s stock valued at $20,436,000 after buying an additional 694,761 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Capital Group Short Duration Income ETF by 21.2% during the 2nd quarter. Cetera Investment Advisers now owns 1,839,269 shares of the company’s stock worth $47,701,000 after buying an additional 321,670 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Capital Group Short Duration Income ETF by 45.0% in the 2nd quarter. Raymond James Financial Inc. now owns 939,933 shares of the company’s stock worth $24,377,000 after buying an additional 291,618 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in shares of Capital Group Short Duration Income ETF by 15.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 2,099,696 shares of the company’s stock worth $54,456,000 after buying an additional 275,655 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

NYSEARCA:CGSD opened at $26.04 on Friday. The firm has a 50-day moving average price of $26.03 and a two-hundred day moving average price of $26.01. Capital Group Short Duration Income ETF has a twelve month low of $25.62 and a twelve month high of $26.14.

Capital Group Short Duration Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a dividend of $0.1208 per share. The ex-dividend date was Wednesday, December 24th. This represents a c) annualized dividend 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.