Capital Group Short Duration Income ETF $CGSD Holdings Raised by Sovran Advisors LLC

Sovran Advisors LLC raised its stake in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 19.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,608 shares of the company’s stock after buying an additional 23,369 shares during the period. Sovran Advisors LLC owned about 0.22% of Capital Group Short Duration Income ETF worth $3,664,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its stake in Capital Group Short Duration Income ETF by 15.1% in the second quarter. Commonwealth Equity Services LLC now owns 2,099,696 shares of the company’s stock valued at $54,456,000 after purchasing an additional 275,655 shares in the last quarter. Cetera Investment Advisers lifted its holdings 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 valued at $47,701,000 after buying an additional 321,670 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of Capital Group Short Duration Income ETF by 8,823.7% in the 3rd quarter. Merit Financial Group LLC now owns 1,822,843 shares of the company’s stock valued at $47,357,000 after buying an additional 1,802,416 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Capital Group Short Duration Income ETF by 20.1% in the second quarter. Osaic Holdings Inc. now owns 1,106,573 shares of the company’s stock worth $28,695,000 after buying an additional 184,958 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Capital Group Short Duration Income ETF by 21.3% in the second quarter. Envestnet Asset Management Inc. now owns 1,035,466 shares of the company’s stock worth $26,855,000 after buying an additional 182,154 shares during the last quarter.

Capital Group Short Duration Income ETF Trading Up 0.1%

NYSEARCA CGSD opened at $26.06 on Monday. The company has a 50 day moving average price of $26.03 and a two-hundred day moving average price 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 Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were given a dividend of $0.1208 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a yield of 5.6%.

Capital Group Short Duration Income ETF 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.