Capital Group Short Duration Income ETF $CGSD Position Increased by Richards Merrill & Peterson Inc.

Richards Merrill & Peterson Inc. grew its position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 37.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 124,332 shares of the company’s stock after buying an additional 34,136 shares during the quarter. Capital Group Short Duration Income ETF makes up approximately 1.2% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 17th largest position. Richards Merrill & Peterson Inc. owned approximately 0.17% of Capital Group Short Duration Income ETF worth $3,234,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CGSD. Flagship Harbor Advisors LLC purchased a new stake in shares of Capital Group Short Duration Income ETF in the 4th quarter valued at approximately $28,000. Central Pacific Bank Trust Division acquired a new position in Capital Group Short Duration Income ETF in the 4th quarter worth approximately $36,000. MAI Capital Management purchased a new position in Capital Group Short Duration Income ETF during the 3rd quarter worth approximately $40,000. IFP Advisors Inc grew its position in 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. Finally, Bank of America Corp DE acquired a new stake in Capital Group Short Duration Income ETF during the 2nd quarter valued at $49,000.

Capital Group Short Duration Income ETF Stock Performance

CGSD opened at $25.96 on Tuesday. The stock has a fifty day moving average of $25.95 and a 200-day moving average of $26.01. Capital Group Short Duration Income ETF has a 12-month low of $25.72 and a 12-month high of $26.15.

Capital Group Short Duration Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a dividend of $0.0856 per share. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from Capital Group Short Duration Income ETF’s previous monthly dividend of $0.07. This represents a c) annualized dividend and a yield of 4.0%.

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.