Independent Advisor Alliance Invests $857,000 in Capital Group Short Duration Income ETF (NYSEARCA:CGSD)

Independent Advisor Alliance bought a new position in shares of Capital Group Short Duration Income ETF (NYSEARCA:CGSD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 33,428 shares of the company’s stock, valued at approximately $857,000. Independent Advisor Alliance owned 0.19% of Capital Group Short Duration Income ETF at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new position in Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $250,000. Raymond James Financial Inc. bought a new position in Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $13,943,000. Souders Financial Advisors increased its stake in Capital Group Short Duration Income ETF by 16.6% in the fourth quarter. Souders Financial Advisors now owns 313,335 shares of the company’s stock valued at $8,034,000 after acquiring an additional 44,628 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in Capital Group Short Duration Income ETF in the fourth quarter valued at approximately $168,000. Finally, Jones Financial Companies Lllp increased its stake in Capital Group Short Duration Income ETF by 146.4% in the fourth quarter. Jones Financial Companies Lllp now owns 234,934 shares of the company’s stock valued at $6,024,000 after acquiring an additional 139,591 shares during the last quarter.

Capital Group Short Duration Income ETF Price Performance

Shares of NYSEARCA:CGSD opened at $25.82 on Friday. The company’s 50 day simple moving average is $25.75 and its 200 day simple moving average is $25.76. Capital Group Short Duration Income ETF has a 1 year low of $25.21 and a 1 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. Shareholders of record on Friday, January 31st were given a $0.0778 dividend. The ex-dividend date was Friday, January 31st.

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.