Richards Merrill & Peterson Inc. Boosts Holdings in Capital Group Short Duration Income ETF $CGSD

Richards Merrill & Peterson Inc. lifted its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 50.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,984 shares of the company’s stock after purchasing an additional 62,652 shares during the period. Capital Group Short Duration Income ETF comprises 1.8% of Richards Merrill & Peterson Inc.’s portfolio, making the stock its 11th largest position. Richards Merrill & Peterson Inc.’s holdings in Capital Group Short Duration Income ETF were worth $4,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Capital Group Short Duration Income ETF during the 4th quarter valued at $28,000. Birchwood Financial Partners Inc. acquired a new position in Capital Group Short Duration Income ETF in the 4th quarter worth $32,000. Central Pacific Bank Trust Division purchased a new position in Capital Group Short Duration Income ETF in the 4th quarter valued at about $36,000. MAI Capital Management purchased a new position in Capital Group Short Duration Income ETF in the 3rd quarter valued at about $40,000. Finally, IFP Advisors Inc grew 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 acquiring an additional 900 shares in the last quarter.

Capital Group Short Duration Income ETF Stock Performance

Shares of Capital Group Short Duration Income ETF stock opened at $25.76 on Wednesday. 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 of $25.82 and a 200-day moving average of $25.94.

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.