J. Derek Lewis & Associates Inc. Purchases New Position in Capital Group Short Duration Income ETF $CGSD

J. Derek Lewis & Associates Inc. acquired a new position in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,864 shares of the company’s stock, valued at approximately $517,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in Capital Group Short Duration Income ETF during the 4th quarter valued at $28,000. Birchwood Financial Partners Inc. bought a new position in shares of Capital Group Short Duration Income ETF during the 4th quarter worth $32,000. Central Pacific Bank Trust Division purchased a new position in shares of Capital Group Short Duration Income ETF during the fourth quarter valued at $36,000. MAI Capital Management purchased a new position in shares of Capital Group Short Duration Income ETF during the third quarter valued at $40,000. Finally, IFP Advisors Inc increased its stake in shares of Capital Group Short Duration Income ETF by 102.4% during the third quarter. IFP Advisors Inc now owns 1,779 shares of the company’s stock valued at $46,000 after buying an additional 900 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

CGSD stock opened at $25.75 on Friday. Capital Group Short Duration Income ETF has a 1-year low of $25.70 and a 1-year high of $26.15. The business has a 50-day moving average price of $25.82 and a 200 day moving average price of $25.94.

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.