EQ Wealth Advisors LLC Acquires New Stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

EQ Wealth Advisors LLC bought a new stake in Capital Group Short Duration Income ETF (NYSEARCA:CGSD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 107,780 shares of the company’s stock, valued at approximately $2,763,000. Capital Group Short Duration Income ETF comprises approximately 2.4% of EQ Wealth Advisors LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CGSD. International Assets Investment Management LLC boosted its holdings in shares of Capital Group Short Duration Income ETF by 3,096.7% in the 3rd quarter. International Assets Investment Management LLC now owns 3,587,209 shares of the company’s stock valued at $929,450,000 after purchasing an additional 3,474,992 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Capital Group Short Duration Income ETF by 14.1% in the third quarter. Commonwealth Equity Services LLC now owns 1,470,612 shares of the company’s stock valued at $38,104,000 after acquiring an additional 182,046 shares during the last quarter. Beta Wealth Group Inc. purchased a new stake in Capital Group Short Duration Income ETF during the third quarter valued at about $7,465,000. Souders Financial Advisors grew its position in Capital Group Short Duration Income ETF by 13.3% during the third quarter. Souders Financial Advisors now owns 268,707 shares of the company’s stock valued at $6,962,000 after acquiring an additional 31,468 shares during the period. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of Capital Group Short Duration Income ETF in the 3rd quarter worth about $6,509,000.

Capital Group Short Duration Income ETF Trading Down 0.3 %

Shares of NYSEARCA:CGSD opened at $25.70 on Monday. Capital Group Short Duration Income ETF has a 1 year low of $25.21 and a 1 year high of $26.01. The stock has a 50-day simple moving average of $25.69 and a 200-day simple moving average of $25.74.

Capital Group Short Duration Income ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 31st will be paid a $0.0778 dividend. The ex-dividend date of this dividend is Friday, January 31st.

About Capital Group Short Duration Income ETF

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.