Capital Group Short Duration Income ETF (NYSEARCA:CGSD) Shares Bought by Financial Management Network Inc.

Financial Management Network Inc. boosted its position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) by 24.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 125,287 shares of the company’s stock after acquiring an additional 24,850 shares during the period. Financial Management Network Inc.’s holdings in Capital Group Short Duration Income ETF were worth $3,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in Capital Group Short Duration Income ETF during the fourth quarter valued at $544,000. DAVENPORT & Co LLC grew its position in Capital Group Short Duration Income ETF by 2.1% during the fourth quarter. DAVENPORT & Co LLC now owns 24,582 shares of the company’s stock valued at $630,000 after buying an additional 515 shares during the period. TrueWealth Advisors LLC grew its position in Capital Group Short Duration Income ETF by 54.3% during the third quarter. TrueWealth Advisors LLC now owns 17,388 shares of the company’s stock valued at $451,000 after buying an additional 6,117 shares during the period. International Assets Investment Management LLC grew its position in Capital Group Short Duration Income ETF by 3,096.7% during the third quarter. International Assets Investment Management LLC now owns 3,587,209 shares of the company’s stock valued at $929,450,000 after buying an additional 3,474,992 shares during the period. Finally, Captrust Financial Advisors grew its position in Capital Group Short Duration Income ETF by 888.0% during the third quarter. Captrust Financial Advisors now owns 191,986 shares of the company’s stock valued at $4,974,000 after buying an additional 172,554 shares during the period.

Capital Group Short Duration Income ETF Stock Performance

CGSD stock opened at $25.74 on Wednesday. The firm’s fifty day moving average is $25.69 and its 200 day moving average is $25.75. Capital Group Short Duration Income ETF has a one year low of $25.21 and a one year high of $26.01.

Capital Group Short Duration Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Stockholders of record on Friday, January 31st were given a $0.0778 dividend. The ex-dividend date of this dividend was 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.